Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the USDC-margined 1000SHIB Perpetual Contract at 2024-03-28 07:00 (UTC), with up to 50x leverage.
More details on the USDC-margined 1000SHIB Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual Contract1000SHIBUSDCLaunch Time2024-03-28 07:00 (UTC) Underlying AssetShiba Inu (1000SHIB)Settlement AssetUSDCTick Size0.000001Capped Funding Rate+0.4850% / -0.4850%Funding Fee Settlement FrequencyEvery Eight HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
Users will be eligible to enjoy a 10% promotional trading fee discount for all trades on USDC-margined futures contracts for now. Starting from 2024-04-03 12:30 (UTC), users will enjoy 0% Maker Fee and 0.017% Taker Fee for all trades on USDC-margined futures contracts. Refer to this announcement for more information.
Based on market risk conditions, Binance may adjust the specifications of the aforementioned futures contract(s) 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 futures contract(s) 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 1000SHIBUSDC Perpetual Contract. The 1000SHIBUSDC Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Further Information:
Trading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Select Trading PairsFunding Rate HistoryMark Price and Price IndexMulti-Assets Mode
Thank you for your support!
Binance Team
2024-03-26