Binance Futures Will Launch USDⓈ-M Binance Football Fan Token Index Perpetual Contracts with Up to 25X Leverage

2022-08-31 06:20

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Futures will launch USDⓈ-M Binance Football Fan Token Index perpetual contracts (“FOOTBALLUSDT Perpetual Contracts”) with up to 25x leverage on 2022-09-01 at 03:00 (UTC). Binance Football Fan Token Index is a new cryptocurrency price index that tracks the top Football Club Fan Tokens listed on Binance Spot by market capitalization.

More details on FOOTBALLUSDT Perpetual Contracts can be found in the table below:

USDⓈ-M Perpetual Contracts	FOOTBALLUSDT
Launch Time	2022-09-01 03:00 (UTC)
Underlying Asset	Binance Football Fan Token Index
Settlement Asset	USDT
Index Base Level	1,000
Tick Size	0.01
Capped Funding Rate	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage	25x
Trading Hours	24/7
Multi-Asset Mode	Supported

Please note:

Based on market risk conditions, Binance may adjust the specifications of the contracts from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Asset Mode allows users to trade FOOTBALLUSDT Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use BUSD as margin when trading FOOTBALLUSDT Perpetual Contracts.
FOOTBALLUSDT Perpetual Contracts are subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Further information:

Thanks for your support!

Binance Team

2022-08-31

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