This is a general announcement. The products and services mentioned here may not be available in your area.
Dear members of the Binance community!
Binance Announces Cow Protocol (COW) and Cetus Protocol (CETUS) Will Be Added to Binance Simple Earn, Buy Cryptocurrencies, -27>Binance Convert
Earn
Cow Protocol (COW) and Cetus Protocol (CETUS) will be listed among the perpetual Binance Simple Earn products at 15:00 on 11/06/2024 (by Kyiv) and will be available for subscription.
From 12:00 on 07.11.2024 (Kyiv time), users will be able to buy COW and CETUS using any of the supported payment options in the Binance Automatic Investing service.
Buying and selling cryptocurrency
Users will be able to buy COW and CETUS using VISA, MasterCard, Google Pay, Apple Pay, and buy and sell COW and CETUS using their wallet balances on the "Buy Cryptocurrencies" page within an hour after adding COW and CETUS to Binance Spot.
Conversion
Users will be able to start trading COW and CETUS with BTC, USDT and other tokens on Binance Convert without fees within an hour of adding COW and CETUS to the Binance spot platform
Margin
Binance Margin will add COW and CETUS as a new loan asset for cross-margin and isolated margin, as well as the trading pair COW/USDT and CETUS/USDT for cross margin and isolated margin at 4:00 p.m. on November 6, 2024 (in Kyiv).
Please see margin data for a list of the most recent margin assets and more information on specific limits, margin and rates.
Futures
Binance Futures will launch perpetual USDⓈ-M contract COW at 15:30 on 06.11.2024 (Kyiv) and perpetual USDⓈ-M contract CETUS at 4:00 p.m. on November 6, 2024 (Kyiv time) with leverage up to 75x.
More details on the USDⓈ-M perpetual COW and CETUS contracts can be found in the table below:
Please note:
The maximum funding rate for COWUSDT and CETSUSDT perpetual contracts at launch is +2.00% / -2.00%.
The frequency of financing commission calculations is every four hours.
Depending on market risk conditions, Binance may from time to time adjust the features of the COWUSDT and CETSUSDT Perpetual Contracts, including funding fees, tick size, maximum leverage, initial margin and/or maintenance margin requirements.
Multi-asset mode allows users to trade COWUSDT and CETSUSDT perpetual contracts with various margin assets subject to respective discounts. For example, when the multi-asset mode is activated, users can use BTC as margin to trade COWUSDT and CETSUSDT perpetual contracts.
COWUSDT and CETSUSDT perpetual contracts are governed by Binance Terms of Service and Binance Futures Service Agreement.
Guides and related materials:
Note. There may be discrepancies in the English translation of this original article. Please refer to the original English version for the most accurate information in case of such discrepancies.
Thank you for your support!
Team Binance
06.11.2024
Note: This announcement was updated on 11/06/2024 to update the listing date of COW and CETUS among Binance Simple Earn perpetual products to 15:00 11/06/2024 (Kyiv time).
