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Binance Futures Will Launch USDⓈ-M BTC & ETH Quarterly 1229 Delivery Contracts With Up to 25x Leverage
Fellow Binancians,
Binance Futures will launch the USDⓈ-M BTC and ETH Quarterly 1229 Delivery Contracts at 2023-08-18 12:00 (UTC) and 2023-08-18 12:15 (UTC) respectively,with up to 25x leverage.
More details on the USDⓈ-M BTC and ETH Quarterly 1229 Delivery Contracts can be found in the table below:
USDⓈ-M Delivery Contracts | BTCUSDT Quarterly 1229 | ETHUSDT Quarterly 1229 |
Launch Time | 2023-08-18 12:00 (UTC) | 2023-08-18 12:15 (UTC) |
Underlying Asset | BTC | ETH |
Settlement Asset | USDT | USDT |
Tick Size | 0.1 | 0.01 |
Capped Funding Rate | Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio) | Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio) |
Max Leverage | 25x | 25x |
Trading Hours | 24/7 | 24/7 |
Multi-Assets Mode | Supported | Supported |
Please note:
Based on market risk conditions, Binance may adjust the specifications of the USDⓈ-M BTC and ETH Quarterly 1229 Delivery Contracts 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 USDⓈ-M BTC and ETHQuarterly 1229 Delivery 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 USDⓈ-M BTC and ETH Quarterly 1229 Delivery Contracts.
The USDⓈ-M BTC and ETH Quarterly 1229 Delivery Contracts are 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
2023-08-16
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