Binance Futures to Launch USDC Collateralized LTC and NEAR Perpetual Contracts
Binance Futures has announced the upcoming launch of two new perpetual contracts, providing traders with diversified options and enhanced leverage opportunities.
The LTCUSDC Perpetual Contract is scheduled to commence trading at 10:00 on April 11, 2024, followed by the NEARUSDC Perpetual Contract at 10:15 on the same day. These contracts offer leverages of up to 75x and 50x respectively, aiming to cater to the evolving needs of users and broaden the scope of tradable assets.
In a move to promote trading activity, Binance Futures will implement zero maker fees and a competitive taker fee of 0.017% for all transactions on USDC margined futures contracts, effective from 15:30 on April 3, 2024. This initiative is expected to bolster liquidity on the platform.
It is essential to acknowledge that Binance retains the right to adjust contract parameters, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, in response to market risk conditions.