Binance Futures, the derivatives division of the world's largest crypto exchange, has announced the upcoming release of its new USD permanent contracts, further expanding the range of its trading products.
Binance futures to commence OGUSDT perpetual contracts with up to 50x leverage on May 12th
According to an official announcement from Binance, the new permanent contract will be released at 12:00 UTC on May 12th, allowing traders to trade positions with up to 50 times the leverage.
The OGUSDT pair is pinned to OG Fan Token, a popular fan-based digital asset, and exchanged for USDT, making it accessible to a wide range of retail and professional investors.
Important details:
- Start date: May 12, 2025, 12:00
- Leverage: Up to 50x
- Margin Type: USDⓢ Margin
- Loan rate limit: ±2.00
- Financial fee payment: Every 4 hours
- Copy transaction availability: Within 24 hours after launch
The contract also qualifies for the futures copy feature, which allows users to copy the strategies of the best-performing traders on the platform.
Binance emphasized that the funding rate for the OGUSDT contract will be limited to ±2.00%, and the funding fee will be paid every four hours and in line with the standard practices of the new listing platform.
The launch reflects Binance's continued efforts to diversify the growing demand for trading pairs associated with fan tokens, which saw renewed interest amid the increasing interaction between sports clubs and the blockchain ecosystem.
*This is not investment advice.
