This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. 

Fellow Binancians,

Binance is excited to announce that Scroll (SCR) will be added to Binance Simple Earn, "Buy Crypto", Binance Convert, Binance Margin, Binance Auto-Invest and Binance Futures at the respective dates and timings listed below.

Earn

  • SCR Simple Earn Flexible Products will be listed on Binance Simple Earn at 2024-10-22 09:00 (UTC) and will be available for subscription.

  • From 2024-10-23 10:00 (UTC), users may purchase SCR using any of the payment options supported on Binance Auto-Invest.

Buy & Sell Crypto

Users can buy SCR with VISA, MasterCard, Google Pay, Apple Pay, or buy and sell SCR with their wallet balances on the “Buy Crypto” page, available within one hour of SCR being listed on Binance Spot. 

Convert

Users will be able to start trading SCR against BTC, USDT, and any other tokens on Binance Convert at zero fees within one hour of SCR being listed on Binance Spot. 

Margin

Binance Margin will add SCR as a new borrowable asset on Cross and Isolated Margin, as well as the SCR/USDT and SCR/FDUSD pairs on Cross and Isolated Margin at 2024-10-22 11:00 (UTC).

Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.

Futures

Binance Futures will launch the USDⓈ-M SCR Perpetual Contract at 2024-10-22 10:00 (UTC), with up to 75x leverage. 

More details on the USDⓈ-M SCR Perpetual Contract can be found in the table below:  

USDⓈ-M Perpetual Contract

SCRUSDT

Launch Time 

2024-10-22 10:00 (UTC)

Underlying Asset

Scroll (SCR)

Settlement Asset

USDT

Tick Size

0.001

Capped Funding Rate

+2.00% / -2.00%

Funding Fee Settlement Frequency

Every Four Hours

Maximum Leverage

75x

Trading Hours

24/7

Multi-Assets Mode

Supported

Please Note: 

  • The maximum funding rate of the SCRUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. 

  • The funding fee settlement frequency is every four hours.

Time

Max Funding Rate

2024-10-22 12:00 (UTC)

+2.00% / -2.00%

2024-10-22 16:00 (UTC)

+2.00% / -2.00%

2024-10-22 20:00 (UTC)

+2.00% / -2.00%

2024-10-23 00:00 (UTC)

+2.00% / -2.00%

…

…

  • Based on market risk conditions, Binance may adjust the specifications of the SCRUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

  • Multi-Assets Mode allows users to trade the SCRUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the SCRUSDT Perpetual Contract. 

  • The SCRUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

Guides & Related Materials:

Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Thank you for your support!

Binance Team

2024-10-22

Note: This announcement was updated on 2024-10-22 to clarify that the Tick Size for SCRUSDT is 0.001.

USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com. 

Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.