Binance Futures is set to launch the eagerly awaited USDⓈ-M NFP Perpetual Contract on December 27, 2023, at 15:30 Turkey time. This latest addition to Binance’s futures offerings provides investors with up to 50x leverage, offering enhanced flexibility and trading opportunities.
The USDⓈ-M Perpetual Contract, represented by the NFPUSDT trading pair, includes NFPrompt (NFP) as the underlying asset and settles in USDT. With a tick size of 0.0001, the contract operates under a capped funding rate of +2.00%/-2.00%, offering well-defined risk management for traders.
Funding fees for the NFPUSDT Perpetual Contract are paid every four hours, ensuring timely and transparent fee processing. The contract remains active 24/7, aligning with the global nature of cryptocurrency markets, allowing investors to trade at any time. The Multi-Asset Mode feature enables users to diversify their margin assets across various cryptocurrencies.
For the NFPUSDT Perpetual Contract, it’s important to note that the maximum funding rate at launch is set at +2.00%/-2.00%. Funding fee payments occur every four hours.
Qualified USDⓈ margin futures liquidity providers are ready to benefit from the launch of the NFPUSDT Perpetual Contract. These providers can enjoy attractive maker fee discounts of 0.005% for an estimated period of 14 to 15 days during transactions on the contract.
Binance recognizes the dynamic nature of the cryptocurrency market and reserves the right to adjust the features of the NFPUSDT Perpetual Contract according to market risk conditions. These adjustments may include funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.
The inclusion of the Multi-Asset Mode offers investors the flexibility to use various margin assets while trading on the NFPUSDT Perpetual Contract.