Binance Futures Launches 1000CATUSDT Perpetual Contract with Up to 75x Leverage

October 21, 2024 — Binance Futures is set to introduce a new perpetual contract—1000CATUSDT—providing users the ability to trade with up to 75x leverage. The contract will be available for trading on October 21, 2024, at 12:30 UTC.What is the 1000CATUSDT Perpetual Contract?The 1000CATUSDT Perpetual Contract allows users to trade Simon's Cat (1000CAT) token with USDT as the settlement asset. With the opportunity to leverage up to 75x, this new contract is designed to offer more trading options for Binance Futures users, providing higher risk/reward potential for traders.Key Details of the 1000CATUSDT Perpetual ContractContract1000CATUSDT PerpetualLaunch DateOctober 21, 2024, 12:30 UTCUnderlying AssetSimon's Cat (1000CAT)Settlement AssetUSDTMaximum Leverage75xCapped Funding Rate+2.00% / -2.00%Tick Size0.00001Funding Fee SettlementEvery Four HoursTrading Hours24/7Multi-Assets ModeSupportedHow the 1000CATUSDT Contract WorksThe 1000CATUSDT contract is a USDⓈ-Margined Perpetual Contract, which means the margin is settled in USDT. This contract offers flexibility to traders, allowing them to use Multi-Assets Mode and employ other cryptocurrencies such as BTC as collateral for margin.Funding Rate and Trading InformationAt launch, the funding rate for this contract will be capped at +2.00% / -2.00%. Traders should note that funding fee settlements will occur every four hours.Funding Rate Schedule:Time (UTC)Max Funding Rate2024-10-21 16:00+2.00% / -2.00%2024-10-21 20:00+2.00% / -2.00%2024-10-22 00:00+2.00% / -2.00%2024-10-22 04:00+2.00% / -2.00%What is Multi-Assets Mode?The Multi-Assets Mode allows users to trade the 1000CATUSDT Perpetual Contract using different margin assets. For example, users can choose to use Bitcoin (BTC) as margin when trading the contract, providing flexibility and convenience to manage multiple assets across trades.Trade with Up to 75x Leverage on Binance FuturesWith the launch of the 1000CATUSDT Perpetual Contract, Binance Futures continues to expand its offerings and provide traders with exciting opportunities. Trading begins on October 21, 2024, at 12:30 UTC, with leverage of up to 75x available. Traders are encouraged to assess their risk tolerance and trade responsibly.