Binance Introduces New DIA/USDT Futures Contract for Increased Trading Options

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Binance continues to enhance its trading options and experiences for users. The cryptocurrency exchange’s futures arm, Binance Futures, will launch the DIA/USDT perpetual futures contract today. This new contract offers leverage of up to 75 times, providing traders with the opportunity to engage in high-leverage transactions.

Details of the DIA/USDT Perpetual Futures Contract

The DIA/USDT perpetual futures contract will be available to users starting today at 15:30 Turkish Time. Traders can use Tether (USDT) as margin for this contract. For those unfamiliar, perpetual futures contracts allow investors to maintain open positions without an expiration date. This new contract aims to provide greater flexibility and diversity for traders.

The maximum funding rate for the contract will range between +2% and -2%. The funding fee will be calculated every four hours and reflected in the positions held by investors.

Binance mentioned that it may adjust contract features such as the funding fee, leverage rate, and margin requirements based on market risk conditions.

Flexible Margin Utilization with Multi-Asset Mode

The DIA/USDT perpetual futures contract will support Binance Futures’ Multi-Asset Mode. This mode allows investors to use different assets as collateral when trading. For instance, users can activate this mode to utilize cryptocurrencies like Bitcoin (BTC) as collateral for trading the DIA/USDT perpetual futures contract. It is important to note that a certain collateral deduction will be applied for the used assets.

As Binance continues to broaden its trading spectrum, the introduction of the DIA (DIA) perpetual futures contract marks another step forward. While high-leverage trading presents both significant gains and risks, users are advised to exercise caution when engaging with such investment tools.

The announcement of the perpetual futures contract has led to a surge in the price of DIA coin, which has risen by over 15%, surpassing the $0.80 threshold.

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