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Binance Futures Will Launch WIFUSD COIN-M Perpetual Contract with up to 20x Leverage

Binance Futures Will Launch WIFUSD COIN-M Perpetual Contract with up to 20x Leverage

2024-07-16 02:00

Fellow Binancians,

Binance Futures will launch the WIFUSD COIN-M Perpetual Contract at 2024-07-23 12:00 (UTC), with up to 20x leverage. 

More details on the WIFUSD COIN-M Perpetual Contract can be found in the table below:  

COIN-M Perpetual Contract

WIFUSD

Launch Time

2024-07-23 12:00 (UTC) 

Underlying Asset

Dogwifhat (WIF)

Settlement Asset

WIF

Tick Size

0.0001

Capped Funding Rate

Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)

Funding Fee Settlement Frequency

Every Eight Hours

Maximum Leverage

20x

Trading Hours

24/7

Multi-Assets Mode

Not Supported

Please Note: 

  • The funding fee settlement frequency is every eight hours.

  • Based on market risk conditions, Binance may adjust the specifications of the aforementioned futures contract(s) from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

  • The WIFUSD Perpetual Contract is subject to the terms of 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:

Thank you for your support!

Binance Team

2024-07-16

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.