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Binance Futures has launched a new trading product, the USDⓈ-M 1000RATS Perpetual Contract. This addition, effective from December 15, 2023, at 14:00 UTC, introduces an innovative derivative in the cryptocurrency market. The contract will be paired against USDT and offers a significant leverage option of up to 50x, catering to a diverse range of trading strategies and risk appetites. 
<h2 id="details-of-the-1000ratsusdt-perpetual-contract">Details of the 1000RATSUSDT Perpetual Contract</h2> 
This perpetual contract, denoted as 1000RATSUSDT, is grounded in the underlying asset 1000RATS. In addition, it operates with a tick size of 0.00001 and adheres to a capped funding rate of +2.00% / -2.00%. Uniquely, the funding fee settlement occurs every four hours, ensuring continuous alignment with market conditions. Traders can engage with these contracts 24/7, and Binance <a href="https://coingape.com/binance-launches-zero-fee-trading-for-shib-inj-sand/">supports </a>Multi-Assets Mode, allowing for a more flexible margining in assets like BTC. 
<h2 id="liquidity-providers-benefits">Liquidity Providers’ Benefits</h2> 
In recognition of their crucial role, qualified USDⓈ-margined futures liquidity providers will benefit from a 0.005% maker fee rebate when trading 1000RATSUSDT. This incentive, spanning approximately two weeks, underscores Binance’s commitment to fostering a robust and liquid trading environment. 
<h2 id="rise-of-brc-20-tokens">Rise of BRC-20 Tokens</h2> 
Concurrently, the cryptocurrency market has witnessed a surge in the popularity of BRC-20 tokens like RATS, SATS, and ORDI. These tokens have seen impressive <a href="https://coingape.com/missed-ordinals-ordi-top-5-brc-20-crypto-tokens-that-may-give-similar-bull-run/">gains</a>, with RATS and SATS yielding 610.6% and 329.9% weekly gains, respectively. ORDI, although not as high in returns, boasts a significant market capitalization and trading volume, reflecting a 10% increase in the same period. The launch of the 1000RATS Perpetual Contract by Binance is set to catalyze interest and investment in these tokens further. 
The <a href="https://coingape.com/binance-futures-plans-to-launch-m-bsv-perpetual-contract/">listing </a>of 1000RATS on Binance Futures and the introduction of 1000SATS in spot trading mark pivotal moments. Often, listings on major exchanges like Binance trigger price movements, a phenomenon observed with these BRC-20 tokens. At present, 1000SATS is trading at $0.0008086, while ORDI is priced at $56.92 on Binance. 
Read Also: <a href="https://coingape.com/peter-brandt-stirs-debate-with-harsh-critique-of-ethereum/?utm_source=cgtelegram">Peter Brandt Stirs Debate with Harsh Critique of Ethereum</a> 
The post <a href="https://coingape.com/binance-futures-introduces-1000rats-perpetual-contract-with-50x-leverage/">Binance Futures Introduces 1000RATS Perpetual Contract with 50x Leverage</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Binance Futures Introduces 1000RATS Perpetual Contract with 50x Leverage

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