Binance Futures will be expanding its trading options by introducing the DEGENUSDT permanent contract. This contract offers leverage up to 75x. This move, which is scheduled to launch at 11:30 UTC on November 15, 20,24, aims to improve the trading experience of Binance users.

DEGENUSDT Contract Features

The DEGENUSDT permanent contract was designed to offer traders a high leverage option. It is capped at +2.00%/-2.00%. The funding fees will be settled each four hours to allow traders to effectively manage their positions. The contract can be traded in the "Multi-Assets Mode," which allows trading of various margin assets including Bitcoin (BTC).

Risk Management and Adjustments

Binance stresses the importance of risk-management, noting that specifications of the DEGENUSDT Futures contract such as funding fees and tick size can be adjusted in accordance with market conditions. This flexibility is designed to protect users while maintaining market stability.

Compliance and User Responsibility

Binance's DEGENUSDT contract, like all other Binance products, is subject to Binance Terms of Service and Binance Futures Service Agreement. Binance encourages its users to assess their own risks and seek professional guidance if necessary, especially given the inherent risk associated with futures trading.

This contract is part of a larger trend where exchanges are providing more flexible and diverse trading instruments in order to meet the changing needs of cryptocurrency traders. Binance has further strengthened its position as a market leader by adding DEGENUSDT.