Websea Futures will Launch ETHFI/USDT and BOME/USDT 50x USDT-Margined Perpetual Contracts

Dear Webseans,

Websea Futures will officially launch the ETHFIUSDT and BOMEUSDT perpetual contracts with up to 50x leverage on May 23, 2024 (UTC). 

More trading details can be found in the table below:

Name	Symbol
USDT-Margined Perpetual Contract	ETHFIUSDT
Launch Time	May 23, 2024, at 18:00 (GMT+8)
Underlying Asset	ETHFI
Settlement Currency	USDT
Minimum Price Movement	0.001
Funding Rate Ceiling	+3.00% / -3.00%
Funding Rate Settlement Frequency	Every 8 hours
Maximum Leverage	50x
Trading Hours	24/7

Name	Symbol
USDT-Margined Perpetual Contract	BOMEUSDT
Launch Time	May 23, 2024, at 18:00 (GMT+8)
Underlying Asset	BOME
Settlement Currency	USDT
Minimum Price Movement	0.000001
Funding Rate Ceiling	+3.00% / -3.00%
Funding Rate Settlement Frequency	Every eight hours
Maximum Leverage	50x
Trading Hours	24/7

Note:

Websea will conduct periodic evaluations based on market risk and may adjust contract parameters, including funding rates, minimum price movements, maximum leverage, initial margin, maintETHFInce margin, and other crucial parameters, without separate notifications.

This perpetual contract will be governed by the "Websea Terms of Service" and the "Websea Perpetual Contract User Service Agreement."

Websea Team

May 23, 2024

Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Websea is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. Your entire margin balance may be liquidated if the market moves against your position. Past performance is not a reliable predictor of future performance. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This information should not be construed as financial or investment advice. For more information, see Websea Futures Trading Risk Warning.