USDC-M Perpetual Futures uses USDC as margin, eliminating the need to convert stablecoins. Simply hold USDC to trade in multiple markets on BingX, making your trading more seamless and efficient.
BTCUSDC, ETHUSDC, SOLUSDC, DOGEUSDC and XRPUSDC trading pairs will be supported at launch, with up to 125x leverage available. Try it out today!
Web: Access portal. To experience it on app, ensure that your app is updated to version 4.20.0 or above (we'll be gradually rolling out to various regions, please stay tuned).
I. What is USDC-M Perpetual Futures?
USDC-M Perpetual Futures products are similar to USDT-M Perpetual Futures; both are contracts without an expiration or settlement date. While USDT-M Perpetual Futures use USDT as margin, USDC-M Perpetual Futures allows investors to use USDC as margin. In USDC-M Perpetual Futures Trading, all margins, profits and losses are settled in USDC.
2. What is the advantage of USDC-M Perpetual Futures?
Using USDC as margin eliminates the need to convert other assets. You can trade directly and seamlessly with USDC.
3. FAQs
1) What is the difference between USDT-M Perpetual Futures and USDC-M Perpetual Futures?
USDT-M Perpetual Futures is settled using USDT as margin, while USDC-M Perpetual Futures is settled using USDC as margin.
2) Can you use cross margin mode or isolated margin mode in USDC-M Perpetual Futures?
USDC-M Perpetual Futures supports both isolated margin mode and cross margin mode.
3) How to check the positions and orders for USDC-M Perpetual Futures trading pairs?
The "Position" and "Open Orders" pages display data for both USDT and USDC trading pairs. The "Order History", "Trade History" and "Position History" pages default to displaying data for USDT trading pairs. To view USDC trading pair data, apply the "USDC" filter in the Margin section.
4) Can Trial Funds and Bonuses be used in USDC-M Perpetual Futures?
No, it's not supported.
5) How much is the trading fee for USDC-M Perpetual Futures?
The Maker fee rate is 0.020%, and the Taker fee rate is 0.050% (VIP users can enjoy discounted fees).
6. Does USDC-M Perpetual Futures trading volume count towards the VIP system?
Yes, the trading volume contributes to your VIP level. Different VIP levels enjoy varying fee discounts. For more details, please refer to the VIP fee page.
7) How much is the funding rate for USDC-M Perpetual Futures?
Just like USDT-M Perpetual Futures, fees are typically settled between the long position holders and short position holders every 8 hours. If the funding rate is positive, long position holders shall pay funding fees to short position holders, and vice versa.
8. Is USDC-M Perpetual Futures supported for Demo Trading or Simplified Version?
You can trade USDC-M Perpetual Futures in the Simplified Version, but it is not supported in Demo Trading.
For more information on the parameters, please refer to: Futures Market Info