Binance Futures is preparing to launch the ACE Coin-based USDⓈ-M ACE Perpetual Contract on December 18, 2023. This contract will offer investors the opportunity to settle in USDT and provide leverage of up to 50x.
Key details of the new contract include using ACE Coin as the underlying asset, settlement in USDT, a tick size of 0.0001, and a capped funding rate of 2.00%. The funding fee will be settled every four hours.
Binance emphasizes the importance of the capped funding rate at the launch of the new contract, which will ensure transparency and regular adjustments.
As special incentives for liquidity providers, a maker fee discount of 0.005% will be offered on transactions. Binance reserves the right to alter the contract features depending on market conditions.
It is reported that ACE Coin is trading at $14.50 prior to the launch, and investors are advised to take advantage of this opportunity.