Tanju Akbıyık 
On September 24, 2024, at 11:30 AM (UTC), Binance Futures will introduce a new LOKAUSDT Perpetual Contract. This move is part of Binance’s ongoing efforts to expand trading options and enhance user experience.
To register on Binance with a 20% commission discount, click here
Key Features of the Perpetual Contract
The LOKAUSDT contract offers traders the opportunity to maximize their positions with advanced tools, including up to 75x leverage. The contract is based on **League of Kingdoms Arena (LOKA), with USDT as the margin asset. Funding fees are settled every four hours, while the tick size of 0.00001 ensures precise execution.
Funding Rates and Leverage
With funding rates capped at +2.00% / -2.00%, this contract helps traders manage their assets without facing excessive volatility in funding fees. Although Binance advises caution due to the associated risks, the 75x maximum leverage allows seasoned investors to significantly amplify their potential returns.
Multi-Asset Mode Support
One standout feature of this contract is its support for Binance’s Multi-Asset Mode, which allows traders to use various collateral assets, such as Bitcoin (BTC), to back their LOKAUSDT positions. This flexibility sharpens trading strategies and boosts capital efficiency.
For more details, please visit Binance’s official announcement page.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.