Binance Futures has added four USDT-margined perpetual contract pairs on Aug. 11, according to an official announcement. The new listings are KUAISHOUUSDT, MEITUANUSDT, CSOPSKHYNIX2LUSDT and CSOPSAMSUNG2LUSDT. The first two track Kuaishou and Meituan, while the latter two are tied to leveraged products linked to South Korea semiconductor names through CSOP offerings listed in Hong Kong.
Binance said Kuaishou and Meituan contracts support leverage of up to 20x. The two semiconductor ETF-related contracts support leverage of up to 10x. For all four contracts, the funding rate cap is set at +2%/-2%, with settlement every eight hours. The contracts also support Multi-Assets Mode.
The exchange said CSOPSKHYNIX2LUSDT tracks the CSOP SK Hynix Daily (2x) Leveraged Product listed on the Hong Kong Stock Exchange under ticker 7709. CSOPSAMSUNG2LUSDT tracks the CSOP Samsung Electronics Daily (2x) Leveraged Product, listed under ticker 7747. Binance also warned that digital asset prices can be highly volatile and that futures trading carries elevated risk, which investors must bear themselves.
Binance Futures listed four USDT-margined perpetual contract pairs on Aug. 11, according to an official announcement: KUAISHOUUSDT, MEITUANUSDT, CSOPSKHYNIX2LUSDT and CSOPSAMSUNG2LUSDT.
Contract details
KUAISHOUUSDT and MEITUANUSDT support leverage of up to 20x. The two Korea semiconductor ETF-related products, CSOPSKHYNIX2LUSDT and CSOPSAMSUNG2LUSDT, support leverage of up to 10x. Binance said the funding rate cap for all four contracts is +2%/-2%, with settlement every eight hours. All four also support Multi-Assets Mode.
Underlying products tracked by the two CSOP contracts
According to the announcement, CSOPSKHYNIX2LUSDT tracks the CSOP SK Hynix Daily (2x) Leveraged Product listed on the Hong Kong Stock Exchange under code 7709. CSOPSAMSUNG2LUSDT tracks the CSOP Samsung Electronics Daily (2x) Leveraged Product under code 7747.
Binance added that digital asset prices are highly volatile and that futures trading carries higher risk. Investors are responsible for the related risks themselves.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
