Binance Futures Lists 1000WHY and 1000CHEM

Binance Futures has announced the launch of two new perpetual contracts on November 25, 2024: 1000WHYUSDT and 1000CHEEMSUSDT. These futures contracts will offer investors the opportunity to trade with a maximum leverage of 75x.

As the world's largest cryptocurrency exchange, Binance continues to innovate its futures platform. The announcement details that the 1000WHYUSDT and 1000CHEEMSUSDT futures contracts will be available for trading on November 25, 2024, providing investors with a leverage of up to 75x.

New Listing on Binance Futures The start times for the new trading pairs have been set for 14:30 and 14:45 respectively. These contracts are designed to be settled in Tether (USDT), enabling 24/7 trading. Additionally, funding fees will be settled every four hours, with an initial funding rate of up to 2% positive or negative.

Binance has specifically emphasized that these listings do not guarantee trading on the spot market. It has been noted that investors should consider the different timelines for futures contracts and spot market listings.

The 75x leverage offered by the Binance Futures platform presents significant earning opportunities, but it also comes with considerable risks. Especially in volatile market conditions, the leverage ratio can mean rapid gains or losses for users. Therefore, investors are advised to prioritize risk management when trading. The platform aims to provide a robust leverage tool for experienced investors.