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

Fellow Binancians,

To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the following perpetual contracts with up to 75x leverage as below:

  • 2024-11-25 11:30 (UTC): 1000WHYUSDT Perpetual Contract

  • 2024-11-25 11:45 (UTC): 1000CHEEMSUSDT Perpetual Contract

More details on the aforementioned perpetual contracts can be found in the table below:  

USDⓈ-M Perpetual Contract

1000WHYUSDT

1000CHEEMSUSDT

Launch Time

2024-11-25 11:30 (UTC)

2024-11-25 11:45 (UTC)

Underlying Asset

Why (1000WHY)

Cheems (1000CHEEMS)

Settlement Asset

USDT

USDT

Tick Size

0.000001

0.000001

Capped Funding Rate

+2.00% / -2.00%

+2.00% / -2.00%

Funding Fee Settlement Frequency

Every Four Hours

Every Four Hours

Maximum Leverage

75x

75x

Trading Hours

24/7

24/7

Multi-Assets Mode

Supported

Supported

*Note that this Futures listing is for Why with the contract address here for verification: 0x9ec02756a559700d8d9e79ece56809f7bcc5dc27.

**Note that this Futures listing is for Cheems with the contract address here for verification:0x0df0587216a4a1bb7d5082fdc491d93d2dd4b413.

Please Note: 

  • The maximum funding rate of the aforementioned perpetual contracts at the time of launch is +2.00% / -2.00%. 

  • The funding fee settlement frequency is every four hours.

Time

Max Funding Rate

2024-11-25 12:00 (UTC)

+2.00% / -2.00%

2024-11-25 16:00 (UTC)

+2.00% / -2.00%

2024-11-25 20:00 (UTC)

+2.00% / -2.00%

2024-11-26 00:00 (UTC)

+2.00% / -2.00%

…

…

  • Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contracts 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 aforementioned 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts 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 aforementioned perpetual contracts. 

  • The aforementioned perpetual contracts are subject to the Binance Terms of Use and the Binance Futures Service Agreement.

  • Futures and spot token listings are not correlated. A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.

  • 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.

Further Information:

Thank you for your support!

Binance Team

2024-11-25