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- Binance launches 75x leveraged ALLUSDT Composite Index perpetual contract.
- New contract simplifies exposure to multiple USDT-quoted futures products.
- Daily rebalancing and 40-hour removal for smooth trading experience.
Binance, the world’s leading cryptocurrency exchange, has introduced the ALLUSDT Composite Index perpetual contract. This new product provides traders with up to 75x leverage. Through a single contract, the user is exposed to a multitude of USD-quoted USDT-settled USDⓈ perpetual contracts on Binance Futures.
Multiple assets are transformed into a single disadvantageous leasing of the ALLUSDT contract. It measures the price of some perpetual futures contracts whose symbols are denominated in USDT, not in particular pairs such as ETHBTC or USDC-based products. Such simplification makes the trading process quicker because it is not necessary to engage in a variety of contracts.
Rebalancing of the index will occur every day at 08:00 UTC. During every rebalance, new listings come in, and delistings come out 40 hours earlier. The contract is financed in USDT, and multi-assets mode margins are supported. Binance also mentioned that the parameters of contracts could be amended depending on the market conditions.
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Simplified Trading for Funds and Professional Traders
The ALLUSDT contract is intended to meet the needs of systematic funds and professional traders. It simplifies highly complex trading strategies by providing exposure to a diversity of assets without using numerous contracts. As traders no longer require multiple positions or have to balance portfolios every time, it is simpler to build diversified directional bets and hedging applications.
This is the launch after a significant increase in the volume of Binance Futures trading to a record of $2.55 trillion in July. Institutional and retail traders who want to perform effective management of derivatives exposure are likely to find the ALLUSDT contract due to the efficient tools it can provide. The contract is one of the many products Binance uses to reflect its plans to accommodate the increasing interest in the derivatives market.
Releasing this product is a move towards Binance’s further development in the crypto derivatives market. The ALLUSDT product effectively addresses trader’ needs by standardizing their exposure to various futures contracts. It will be particularly convenient when one is interested in leveraged position diversification or managing high-frequency trading strategies.
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