TL;DR
- Binance launches a new ORDI Perpetual Contract on its futures platform, offering up to 75x leverage and USDT settlement.
- The contract is a strategic bet on the BRC-20 futures market and provides features like round-the-clock trading and a Multi-Assets Mode.
- The contract is designed to enhance the trading experience of Binance users but also involves market risk and price volatility.
In a significant move, Binance, the world’s leading cryptocurrency exchange, has announced the imminent launch of a new ORDI Perpetual Contract on its futures marketplace. The contract, set to go live soon, will offer up to 75x leverage, marking a significant expansion of trading options available on the platform.
The ORDI Perpetual Contract is a USDS-M contract that uses USDT as the settlement asset. The contract will be launched with a leverage limit of up to 50×1, and the maximum funding rate for the ORDIUSDT perpetual contract at the time of launch is limited at +2.00% / -2.00%, with settlement appearing every four hours.
This move is seen as a strategic bet by Binance on the BRC-20 futures market. The introduction of the ORDI Perpetual Contract is expected to enhance the trading experience of its users, offering features like high leverage, round-the-clock trading, and a Multi-Assets Mode.
The feature known as Multi-Assets Mode provides traders with the ability to use a variety of margin assets, including BTC. This offers increased flexibility and options for managing portfolios. It is especially useful for traders looking to diversify their portfolios and protect against market volatility.
What are the Benefits and Risks of Trading the ORDI Perpetual Contract on Binance Futures?
Binance reserves the right to periodically adjust the specifications of the ORDIUSDT perpetual contract in response to market risk conditions. These adjustments may involve changes to funding fees, tick size, maximum leverage, initial margin, or maintenance margin requirements.
The introduction of the ORDI Perpetual Contract demonstrates Binance’s dedication to innovation and a user-focused approach. The contract, which offers a combination of stability, precision, and flexibility, is designed to cater to the varied needs and preferences of traders. This further solidifies Binance’s standing as a key player in the ever-evolving cryptocurrency trading landscape.
As the cryptocurrency market continues to evolve, Binance’s introduction of the ORDI Perpetual Contract represents a significant step forward in the platform’s offerings. It underscores Binance’s commitment to providing its users with a wide range of trading options, thereby enhancing the overall trading experience.
It’s important to be aware that the prices of digital assets can fluctuate significantly, and futures trading carries a high level of market risk and potential for price volatility. Traders are advised to independently evaluate the suitability of the transaction based on their objectives and circumstances. This evaluation should consider both the risks involved and the potential benefits.
