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Binance Futures is gearing up to launch the eagerly awaited USDⓈ-M NFP Perpetual Contract on December 27, 2023, at 15:30 Turkey time. This latest addition to Binance’s futures offerings provides investors with enhanced flexibility and trading opportunities by offering up to 50x leverage.
Key Details of the USDⓈ-M NFP Perpetual Contract
The USDⓈ-M Perpetual Contract, represented by the NFPUSDT trading pair, includes NFPrompt (NFP) as the underlying asset and settles in USDT. The contract has a tick size of 0.0001 and operates under a capped funding rate of +%2.00 / -%2.00, offering investors well-defined risk management.
The funding fee for the NFPUSDT Perpetual Contract is paid every four hours, ensuring timely and transparent fee processing. The contract remains active 24/7, suitable for the global nature of cryptocurrency markets, allowing investors to trade at any hour. The supported Multi-Asset Mode feature enables users to diversify their margin assets across various cryptocurrencies.
Important Information for Investors
It is important to note that for the NFPUSDT Perpetual Contract, the maximum funding rate at launch is +%2.00 / -%2.00. The funding fee is paid every four hours.
Qualified USDⓈ margin futures liquidity providers are ready to benefit from the launch of the NFPUSDT Perpetual Contract. These providers can take advantage of attractive maker fee discounts of %0.005 for transactions in the contract for an estimated 14 to 15 days.
Adaptability to Market Conditions
Binance acknowledges the dynamic nature of the cryptocurrency market and reserves the right to adjust the features of the NFPUSDT Perpetual Contract according to market risk conditions. These adjustments may include funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.
The inclusion of Multi-Asset Mode provides investors with the flexibility to use various margin assets while trading in the NFPUSDT Perpetual Contract.
