$BTC

Binance Futures Margined BTC Futures are linear futures products that are priced and settled in BTC, allowing users to track the price movement of specific cryptocurrencies directly relative to BTC, making it easier to calculate returns.

BTC Margined Futures Features

BTC Settlement: Contracts are denominated and settled in BTC.

Validity: Perpetual.

Contract Unit: Each BTC Margined Futures contract specifies the amount of underlying asset offered per contract, like the spot market. For example, BNBBTC, ETHBTC, and BCHBTC futures represent only one unit of their underlying asset.

Funding Fee: A funding fee is charged on BTC Margined Perpetual Contracts, and funding payments are transferred between traders and are charged every eight hours.

Symbols: The symbols of BTC futures contracts with a margin represent both the underlying asset and the pricing asset, where the underlying asset is the cryptocurrency you are trading, and the pricing asset is the currency you are using as a reference for pricing.

For example, the trading pair “ETHBTC” represents a BTC futures contract with a margin on Ethereum (ETH), where:

Underlying asset: ETH (Ethereum)

Pricing asset: BTC (Bitcoin)

Symbol: ETHBTC