Binance Futures Will Launch USDⓈ-M ID Perpetual Contract with Up to 20X Leverage

2023-03-23 05:10

Fellow Binancians,

Binance Futures will launch the USDⓈ-M ID perpetual contract at 2023-03-23 14:30 (UTC) with up to 20x leverage.

More details on the IDUSDT Perpetual Contract can be found in the table below:

USDⓈ-M Perpetual Contract	IDUSDT
Launch Time	2023-03-23 14:30 (UTC)
Underlying Asset	ID
Settlement Asset	USDT
Tick Size	0.0001
Capped Funding Rate	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage	20x
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 the IDUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use BTC as margin when trading the IDUSDT Perpetual Contract.
The IDUSDT Perpetual Contract is 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

2023-03-23

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Note: This announcement was last updated on 2023-03-23 to change the launch time of the USDⓈ-M ID perpetual contract from 2023-03-24 14:30 (UTC) to 2023-03-23 14:30 (UTC).

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

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