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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

      Read the original article at binance

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