Binance Futures, a prominent cryptocurrency derivatives trading platform, is set to introduce ZETA, a new trading tool offering an enriched trading experience with leverage of up to 50x. The launch is scheduled for February 2, 2024, at 11:30. Notable features of the USDⓈ-M ZETA Perpetual Contract include:
1. Up to 50x Leverage: The USDⓈ-M ZETA Perpetual Contract allows users to leverage their trades up to 50 times.
2. Maximum Funding Rate: At launch, the maximum funding rate is set at +2.00% / -2.00%.
3. Funding Fee Payments: Funding fee payments are processed every four hours, providing transparency and regularity.
4. Maker Fee Discount: Qualified USDⓈ margin futures liquidity providers stand to receive a 0.005% maker fee discount for trades conducted on the ZETAUSDT Perpetual Contract for approximately 14 to 15 days.
This addition aims to enhance the trading ecosystem on Binance Futures, offering traders increased flexibility and efficiency. For more detailed information, interested parties can refer to the official announcement released by Binance Futures.
