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Binance Futures Will Launch USDⓈ-M YGG Perpetual Contract With Up to 20x Leverage
Fellow Binancians,
Binance Futures will launch the USDⓈ-M YGG perpetual contract at 2023-08-05 03:30 (UTC),with up to 20x leverage.
More details on the YGGUSDT Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual Contract | YGGUSDT |
Launch Time | 2023-08-05 03:30 (UTC) |
Underlying Asset | YGG |
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-Assets Mode | Supported |
Please note:
Based on market risk conditions, Binance may adjust the specifications of the YGGUSDT Perpetual Contract from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Assets Mode allows users to trade the YGGUSDT 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 YGGUSDT Perpetual Contract.
The YGGUSDT 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:
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
Thanks for your support!
Binance Team
2023-08-04
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