Notice on Updating Leverage & Margin Tiers, and Delisting USDⓈ-M ANCBUSD and AUCTIONBUSD Perpetual Contracts

Binance

Fellow Binancians,

Binance Futures will close all positions and conduct an automatic settlement on the USDⓈ-M ANCBUSD and AUCTIONBUSD Perpetual Contracts at 2022-12-15 09:00 (UTC). The contracts will be delisted after the settlement is complete.

In addition, Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M ANCBUSD and AUCTIONBUSD Perpetual Contracts on 2022-12-13 at 09:00 (UTC) as reflected below.

ANCBUSD and AUCTIONBUSD (USDⓈ-M Perpetual Contracts) on 2022-12-13 at 09:00 (UTC)

Previous Leverage and Margin Tiers			New Leverage and Margin Tiers
Leverage Before Change	Position Before Change (Notional Value in BUSD)	Maintenance Margin Rate (Before Change)	Leverage After Change	Position After Change (Notional Value in BUSD)	Maintenance Margin Rate (After Change)
11 - 20x	0 < Position ≤ 5,000	2.00%	8x	0 < Position ≤ 5,000	2.00%
9 - 10x	5,000 < Position ≤ 25,000	2.50%	7x	5,000 < Position ≤ 25,000	2.50%
6 - 8x	25,000 < Position ≤ 100,000	5.00%	6x	25,000 < Position ≤ 100,000	5.00%
3 - 5x	100,000 < Position ≤ 250,000	10.00%	3 - 5x	100,000 < Position ≤ 250,000	10.00%
2x	250,000 < Position ≤ 1,000,000	12.50%	2x	250,000 < Position ≤ 1,000,000	12.50%
1x	1,000,000 < Position ≤ 5,000,000	50.00%	1x	1,000,000 < Position ≤ 1,500,000	50.00%

Please Note:

Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
In order to protect our customers and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures towards ANCBUSD and AUCTIONBUSD Perpetual Contracts without further announcement, including but not limited to adjusting the margin tiers including maximum leverage value, position value, and maintenance margin in each tier, updating the funding rates including the interest rate, premium and capped funding rate, changing the constituents of the price index and using the Last Price Protected mechanism to update the Mark Price.

For more information:

Delisting of Futures Contracts
Trading Rules of USDⓈ-M Futures Contracts
Leverage and Margin of USDⓈ-M Futures Contracts
Price Index

Thanks for your support!

Binance Team

2022-12-13

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Binance reserves the right in its sole discretion to amend or change or cancel the products referred to in this announcement at any time and for any reasons without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.

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