Binance Futures Will Launch Multiple BUSD-Margined Perpetual Contracts with Up to 20X Leverage

2022-06-06 09:05

Fellow Binancians,

Binance Futures will launch multiple BUSD-margined perpetual contracts with up to 20x leverage according to the table below:

BUSD-Margined Perpetual Contracts

DOTBUSD

TLMBUSD

ICPBUSD

Launch Time

2022-06-08 02:45 AM (UTC)

2022-06-09 02:45 AM (UTC)

2022-06-09 03:00 AM (UTC)

Settlement Asset

BUSD

BUSD

BUSD

Face Value

1 DOT

1 TLM

1 ICP

Tick Size

0.001

0.00001

0.001

Capped Funding Rate

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

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

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

Max Leverage

20x

20x

20x

Trading Hours

24/7

24/7

24/7

Multi-Asset Mode

Supported

Supported

Supported

Please note:

  • DOTBUSD, TLMBUSD and ICPBUSD perpetual contracts are BUSD-margined futures contracts that use BUSD as collateral. Users will be able to select between 1-20x leverage.
  • Based on market risk conditions, Binance may adjust the settings of these contracts from time to time.
  • The Multi-Asset Mode allows users to trade USDⓈ-M perpetual contracts across multiple margin assets. Users can use USDT as margin when trading BUSD-margined perpetual contracts.

Further information:

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page.

Thanks for your support!

Binance Team

2022-06-06

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