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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

      Read the original article at binance

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