This is a general announcement and the products and services mentioned here may not be available in your area.
Dear User:
To provide more Binance Futures trading options and enhance the user trading experience, Binance Futures will launch COSUSDT perpetual contracts at 21:00 (ET) on September 30, 2024, with a maximum leverage of 75x.
More information about the COS USDT-margined perpetual contract is shown in the table below:
Please note:
When COSUSDT 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;
Based on market risk conditions, Binance may adjust the above contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters;
The multi-asset model supports the above perpetual contracts. The multi-asset model supports assets other than USDT as margin for COSUSDT perpetual contracts (including valuation discounts). For example: users can use BTC as margin to trade COSUSDT perpetual contracts;
The above perpetual contracts are subject to the Binance Terms of Use and Binance Futures Service Agreement;
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.
illustrate:
U-standard contract trading rules
Leverage and Margin for U-margin Contracts
How to switch contract trading pairs
Binance Futures Trading Fee Schedule
Mark Price vs Index Price
Funding Rate History
Multi-asset model
Thank you for your support!
Binance Team
September 30, 2024
