Binance Lists USELESSUSDT Perpetual with 50× Leverage
Binance has added a new USELESSUSDT perpetual contract on its derivatives platform. The USELESSUSDT perpetual contract enables traders to speculate on Useless Coin (USELESS) against USDT. The contract supports up to 50× leverage and settles every four hours. It features a minimum price increment of 0.0001 and a funding rate capped at ±2.00%. The underlying asset, Useless Coin, is based on the Solana (SOL) blockchain. The contract is margined and settled in USDT. Launching the new perpetual contract expands Binance’s offerings and provides traders with more options for high-leverage altcoin trading. Market participants should factor in the high funding rate volatility and short settlement intervals when planning strategies.
Neutral
Listing a new USELESSUSDT perpetual contract on Binance typically represents standard product expansion. While the offering may temporarily boost Useless Coin trading volume and attract speculative positions due to 50× leverage, similar past launches (e.g., Binance listing of memecoins) have had limited impact on overall market trends. The contract’s short four-hour settlement cycle and high funding rate cap introduce increased funding costs and volatility, which could deter risk-averse traders. In the short term, Useless Coin may see a volume spike. In the long term, the impact on broader crypto market stability and price direction remains minimal, reflecting a neutral market response.