Binance to Launch DOSUSDT Perpetual Futures With Up to 20x Leverage
Summary
- Binance said it will begin trading the DOSUSDT perpetual futures contract with up to 20x leverage.
- The futures product uses DAPPOS (DOS) as its underlying asset and supports USDT settlement, Multi-Assets Mode and Futures Copy Trading.
- Binance said trading conditions, including the funding fee, tick size, maximum leverage and margin requirements, may change depending on market conditions, and that a futures listing does not guarantee a spot listing.
Forecast Trend Report by Period
Binance, the global cryptocurrency exchange, will launch a new perpetual futures contract.
According to a Binance notice posted Aug. 11, trading in the DOSUSDT perpetual futures contract will begin at midnight on Aug. 12, Korea time. The product will offer leverage of up to 20x.
The underlying asset is DAPPOS (DOS), a project developing artificial intelligence products designed for broad use. The settlement asset is USDT.
The tick size is 0.0001, the minimum trading quantity is 1 DOS, and the minimum order value is 5 USDT. The funding fee cap is set at plus or minus 2.00%, with settlement every four hours.
The contract will support Multi-Assets Mode, allowing users to use a range of assets, including Bitcoin, as margin.
Binance said the contract is also scheduled to support Futures Copy Trading within 24 hours of listing. The exchange added that trading conditions, including the funding fee, tick size, maximum leverage, and initial and maintenance margin requirements, may change depending on market conditions.
A futures listing does not guarantee a spot listing, and listing decisions for the two markets are made separately.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.