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Binance Adds ZKsync (ZK) on Earn, Margin & Futures

Binance Adds ZKsync (ZK) on Earn, Margin & Futures

2024-06-17 10:30

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

Fellow Binancians,

Binance is excited to announce that ZKsync (ZK) has been added to Binance Simple Earn. In addition, Binance will add ZK on Binance Margin and Binance Futures at 2024-06-17 11:00 (UTC) respectively. 

Earn

  • Users can now subscribe to ZK Flexible Products on Binance Simple Earn.

Margin

Binance Margin will add ZK as a new borrowable asset on Cross and Isolated Margin, as well as the ZK/USDT pair on Cross and Isolated Margin at 2024-06-17 11:00 (UTC).

Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.

Futures

Binance Futures will launch the USDⓈ-M ZK Perpetual Contract at 2024-06-17 11:00 (UTC), with up to 50x leverage. 

More details on the USDⓈ-M ZK Perpetual Contract can be found in the table below:  

USDⓈ-M Perpetual Contract

ZKUSDT

Launch Time 

2024-06-17 11:00 (UTC) 

Underlying Asset

ZKsync (ZK)

Settlement Asset

USDT

Tick Size

0.0001

Capped Funding Rate

+2.00% / -2.00%

Funding Fee Settlement Frequency

Every Four Hours

Maximum Leverage

50x

Trading Hours

24/7

Multi-Assets Mode

Supported

Please Note: 

  • The maximum funding rate of the ZKUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. 

  • The funding fee settlement frequency is every four hours.

Time

Max Funding Rate

2024-06-17 12:00 (UTC)

+2.00% / -2.00%

2024-06-17 16:00 (UTC)

+2.00% / -2.00%

2024-06-17 20:00 (UTC)

+2.00% / -2.00%

2024-06-18 00:00 (UTC)

+2.00% / -2.00%

  • Based on market risk conditions, Binance may adjust the specifications of the ZKUSDT Perpetual 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 ZKUSDT  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 ZKUSDT  Perpetual Contract. 

  • The ZKUSDT  Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

Guides & Related Materials:

Note: 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.

Thank you for your support!

Binance Team

2024-06-17

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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 are subject to high market risk and price volatility. 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. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.