Updates on Binance Futures Settlement Price Calculation

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

Fellow Binancians,

In order to improve users trading experience, Binance will adjust the Futures settlement price calculation at 2024-11-11 08:00 (UTC). It will use the average of the price index every second over the last 30 minutes (between 07:30 and 08:00 UTC) before delivery, i.e., a total of 1,800 price indices.

Please note that the change will affect the settlement price calculation for both delivery contracts and any contracts that are subject to delisting. 

Existing Futures Settlement Price Calculation 

The settlement price used for delivery of contracts will be calculated as the average of the price index every second over the last hour (between 07:00 and 08:00 UTC) before delivery, i.e., a total of 3,600 price indices.

New Futures Settlement Price Calculation 

The settlement price used for delivery of contracts will be calculated as the average of the price index every second over the last 30 minutes (between 07:30 and 08:00 UTC) before delivery, i.e., a total of 1,800 price indices.

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

2024-11-04