Binance Futures to Introduce USDⓈ-Margined SYN Perpetual Contract with 50x Leverage

Binance Futures will launch the SYNUSDT Perpetual Contract on August 16, 2024, offering up to 50x leverage to enhance trading options.

Binance Futures will launch the SYNUSDT Perpetual Contract on August 16, 2024, offering up to 50x leverage to enhance trading options, according to an official announcement from Binance on the same day.

The SYNUSDT Perpetual Contract will be available to trade on Binance Futures at 12:30 UTC on August 16, 2024. This new contract will have a maximum funding rate of +2.00% / -2.00%, and funding fee settlements will occur every four hours.

The specifications of the SYNUSDT contract, including the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted by Binance from time to time based on market risk conditions.

Traders will also be able to use Binance's Multi-Assets Mode to trade the SYNUSDT contract, which allows users to utilize multiple margin assets for trading. For example, users can use Bitcoin (BTC) as margin when this mode is activated, subject to the applicable haircuts.

The SYNUSDT Perpetual Contract will be subject to the platform's Terms of Use and Futures Service Agreement. Please note that futures trading carries a high market risk and price volatility. It is crucial to understand the risks involved and make informed investment decisions.

For users in the European Economic Area (EEA), please be aware of the restrictions imposed by the Markets in Crypto Assets (MiCA) Regulation on certain unauthorized stablecoins, which will be effective from June 30, 2024.

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