This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce that Velodrome Finance (VELODROME) will be added to Binance Simple Earn, "Buy Crypto", Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and timings listed below.
Earn
VELODROME Flexible Products listed on Binance Simple Earn at 2024-12-13 14:00 (UTC) and is available for subscription.
From 2024-12-16 10:00 (UTC), users may purchase VELODROME using any of the payment options supported on Binance Auto-Invest.
Buy & Sell Crypto
Users can buy VELODROME with VISA, MasterCard, Google Pay, Apple Pay, or buy and sell VELODROME with their wallet balances on the “Buy Crypto” page, available within one hour of VELODROME being listed on Binance Spot.
Convert
Users will be able to start trading VELODROME against BTC, USDT, and any other tokens on Binance Convert at zero fees within one hour of VELODROME being listed on Binance Spot.
Margin
Binance Margin will add VELODROME as a new borrowable asset on Cross and Isolated Margin, as well as the VELODROME/USDT pair on Cross and Isolated Margin at 2024-12-13 16:00 (UTC).
Binance VIP 7 to VIP 9 users will be able to borrow the abovementioned asset(s) on Cross Margin approximately 30 minutes before it is open for Margin trading.
Note:
Interest is charged on these loans even though margin trading for these tokens has not commenced. Please note that newly listed tokens tend to be volatile; users are encouraged to adopt stringent risk management strategies when trading such tokens.
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 VELODROME Perpetual Contract at 2024-12-13 16:15 (UTC), with up to 75x leverage.
More details on the USDⓈ-M VELODROME Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual ContractVELODROMEUSDTLaunch Time 2024-12-13 16:15 (UTC)Underlying AssetVelodrome Finance (VELODROME)Settlement AssetUSDTTick Size0.00001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage75xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the VELODROMEUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-12-13 20:00 (UTC)+2.00% / -2.00%2024-12-14 00:00 (UTC)+2.00% / -2.00%2024-12-14 04:00 (UTC)+2.00% / -2.00%2024-12-14 08:00 (UTC)+2.00% / -2.00%……
Based on market risk conditions, Binance may adjust the specifications of the VELODROMEUSDT 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 VELODROMEUSDT 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 VELODROMEUSDT Perpetual Contract. The VELODROMEUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Buy Crypto with Credit/Debit CardHow to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureWhat Is Auto-Invest and How to Use It
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-13
Note: This announcement was amended on 2024-12-13 to clarify that the ticksize for VELODROMEUSDT is updated from 0.000001 to 0.00001.