Ahmet Bedirhan Arvas 
Binance takes another significant step in the cryptocurrency market by listing the USDⓈ-M 1000 SATS Perpetual Contract on the Binance Futures platform. This development will take place on December 12, 2023, starting from 17:00, providing investors with leverage of up to 50x.
This new contract, named 1000SATSUSDT, represents a new era in cryptocurrency trading. The platform operates 24/7, offering investors flexibility and broad access. The funding rate is initially set at +%2.00 / -%2.00 and will be adjusted every four hours.
What is the Sats?
SATS is an abbreviation for Satoshis, the smallest unit of Bitcoin, and each Bitcoin can be divided into 100,000,000 Satoshis.
One Satoshi (SATS) is equal to 0.00000001 BTC.
In the Bitcoin blockchain and source code, Bitcoin amounts are denominated in Satoshis for familiarity and readability. Binance, with this contract, also supports the multi-asset mode, allowing investors to use assets such as BTC as margin. This provides investors with more flexibility and trading options.
The 1000SATSUSDT Perpetual Contract has features that may vary depending on market conditions. Binance reserves the right to make necessary adjustments such as funding rate, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Advantages are also offered to USDⓈ-M margin trading liquidity providers. There will be a 0.005% maker fee discount for trades on the 1000SATSUSDT Perpetual Contract for approximately 14-15 days.
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