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Binance Futures to Launch CBRSUSDT Perpetual Contract on May 19

The new Binance Futures product will track Cerebras Systems Inc. spot price, settle in USDT, and offer leverage of up to 10x.

USDT

Summary

Binance Futures said it will launch the CBRSUSDT traditional asset perpetual contract on May 19 at 17:30 UTC+8. The contract will be based on the spot price of Cerebras Systems Inc., use USDT for settlement, and support leverage of up to 10x. Perpetual contracts are derivatives that let traders gain exposure to price movements without owning the underlying asset, and leverage can amplify both gains and losses.

Terms & Concepts
  • Perpetual contract: A derivatives product with no expiry date that allows traders to speculate on price movements without directly holding the underlying asset.
  • Leverage: Borrowed exposure that lets traders control a larger position with less capital, increasing both potential profit and potential loss.
  • USDT settlement: A contract structure in which profits, losses, and margin are calculated and paid in Tether, a U.S. dollar-pegged stablecoin.