Binance to Launch COPPERUSDT Perpetual Contract with 100x Leverage

According to the announcement from Binance, the platform is set to introduce a new perpetual contract on Binance Futures to broaden trading options and enhance user experience. The COPPERUSDT Perpetual Contract will be available starting 2026-03-06 at 09:00 (UTC), offering up to 100x leverage. This contract represents copper priced in US dollars, with each unit equating to one pound of copper. The settlement asset for this contract is USDT, and trading will be available 24/7. The COPPERUSDT Perpetual Contract features a tick size of 0.001 and a minimum trade amount of 0.1 COPPER, with a minimum notional value set at 5 USDT. The funding rate is capped at +0.5% and -0.5%, with funding fees settled every four hours. The contract supports Multi-Assets Mode, allowing users to trade across multiple margin assets, such as using BTC as margin. This mode is subject to applicable haircuts. Binance notes that the COPPERUSDT Perpetual Contract is exempt from the 8.1 Adjustment of Funding Interval rules, meaning the funding interval will not change from every eight hours to every one hour, even if the funding rate cap or floor is reached. Binance reserves the right to adjust contract specifications, including funding fees, tick size, maximum leverage, and margin requirements, based on market risk conditions. Users are reminded that futures and spot token listings are not correlated, and a futures listing does not guarantee a spot listing. The contract is subject to Binance's Terms of Use and Futures Service Agreement.