On February 16, Binance Futures unveiled its new LINKUSDC perpetual futures contract with leverage options up to 75x. The service allows traders to use USD Coin (USDC) as collateral. Upon its launch at 11:30 AM TRT, the contract features a funding rate capped at +/- 0.3750 percent, automatically billed to users every 8 hours if they hold an open position.
Dynamic Contract Features
Binance reserves the right to adjust the parameters of the LINKUSDC contract, including funding fees, tick size, and margin requirements, to align with current market risks. Traders are also offered a promotional incentive, receiving a 10% discount on transaction fees when using USDC-margined futures until April 3 at 3:30 PM TRT.
Understanding Perpetual Futures
Perpetual futures contracts differ from traditional futures by having no set expiration date, thus avoiding the need for rollover or settlement. As a result, these contracts offer a convenient way for traders to maintain long-term positions without disruption. This adaptability aligns with the preferences of investors seeking sustained exposure in the market.
Binance Futures continues to enhance its offerings, now enabling Chainlink‘s LINK traders to leverage their positions using USDC. These perpetual contracts provide a flexible and long-term trading strategy that fits the evolving demands of the digital asset marketplace.
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