This is a general announcement and the products and services mentioned here may not be available in your area.

Dear User:

To provide users with more choices, Binance Finance has launched the new asset ZKsync (ZK) for you to try! In addition, Binance will launch ZK on Leverage and Contracts at 19:00 (ET) on June 17, 2024.

Binance Finance

  • Users can now apply for the ZK Earn Coin Current Product on the Binance Earn Coin platform.

Binance Leverage

Coinsafe and isolated margin trading will add ZK borrowable assets at 19:00 (ET on June 17, 2024), as well as the ZK/USDT full-margin and isolated margin trading pairs.

The assets, quotas, collateral ratios, and interest rates supported by Binance Leverage will be adjusted at any time based on market conditions. Please refer to the Leverage Data page for details.

Binance Futures

Binance will launch the ZK 1-50x U-margined Perpetual Contract at 19:00 on June 17, 2024 (ET8).

More information about the ZK U-margined perpetual contract is shown in the following table:

U-margin perpetual contract

ZKUSDT

time online

2024-06-17 19:00 (GMT+8)

Underlying Assets

ZKsync (ZK)

Settlement assets

USDT

Minimum price change

0.0001

Funding Rate Cap

+2.00% / -2.00%

Funding Settlement Frequency

Every four hours

Maximum leverage

50x

transaction hour

24/7

Multi-asset model

support

Notice:

  • When the ZKUSDT perpetual contract is launched, the upper and lower limits of its funding rate are +2.00% / -2.00%;

  • Funding fees are settled every four hours;

Time (GMT+8)

Maximum Funding Rate

June 17, 2024 20:00

+2.00% / -2.00%

June 18, 2024 00:00

+2.00% / -2.00%

June 18, 2024 04:00

+2.00% / -2.00%

June 18, 2024 08:00

+2.00% / -2.00%

…

…

  • Based on market risk conditions, Binance may adjust ZKUSDT contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters;

  • Multi-asset mode supports ZKUSDT perpetual contracts. Multi-asset mode supports assets other than USDT as ZKUSDT perpetual contract margin (including valuation discount). For example: users can use BTC as margin to trade ZKUSDT perpetual contracts;

  • ZKUSDT perpetual contracts will be subject to the Binance Terms of Use and the Binance Futures Services Agreement.

Help Documentation:

Note: There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

Thank you for your support!

Binance Team

June 17, 2024