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 MBOXUSDT Perpetual Contract at 2024-08-28 09:30 (UTC) with up to 75x leverage.
More details on the aforementioned perpetual contract can be found in the table below:
USDⓈ-M Perpetual ContractMBOXUSDTLaunch Time2024-08-28 09:30 (UTC)Underlying AssetMOBOX (MBOX)Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage75xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-08-28 12:00 (UTC)+2.00% / -2.00%2024-08-28 16:00 (UTC)+2.00% / -2.00%2024-08-28 20:00 (UTC)+2.00% / -2.00%2024-08-29 00:00 (UTC)+2.00% / -2.00%……
Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract 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 MBOXUSDT perpetual contract 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 contract. The aforementioned perpetual contract is subject to 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
2024-08-28