Binance Futures Will Launch USDⓈ-Margined GRASSUSDT, DRIFTUSDT, and SWELLUSDT Perpetual Contracts With up to 75x Leverage

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

Fellow Binancians,

To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the following perpetual contracts with up to 75x leverage as below:

• 2024-11-08 15:30 (UTC): GRASSUSDT Perpetual Contract

• 2024-11-08 15:45 (UTC): DRIFTUSDT Perpetual Contract

• 2024-11-08 16:00 (UTC): SWELLUSDT Perpetual Contract

More details on the aforementioned perpetual contracts can be found in the table below: 

Please Note: 

• The maximum funding rate of the aforementioned perpetual contracts at the time of launch is +2.00% / -2.00%. 

• The funding fee settlement frequency is every four hours.

• Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contracts 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 aforementioned GRASSUSDT, DRIFTUSDT, and SWELLUSDT perpetual contracts 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 aforementioned perpetual contracts. 

• The aforementioned perpetual contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

• Futures and spot token listings are not correlated. A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.

• 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.

Further Information:

• Trading Rules of USDⓈ-M Futures Contracts

• Leverage and Margin of USDⓈ-M Futures Contracts

• Binance Futures Fee Structure

• How to Select Trading Pairs

• Funding Rate History

• Mark Price and Price Index

• Multi-Assets Mode

Thank you for your support!

Binance Team

2024-11-08

Note: This announcement was last updated on 2024-11-08 to clarify that futures and spot token listings are not correlated. A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.