Binance Futures Will Launch USDⓈ-M AUCTION Perpetual Contract With Up to 50x Leverage

Fellow Binancians,

Binance Futures will launch the USDⓈ-M AUCTION Perpetual Contract at 2023-12-15 13:00 (UTC),with up to 50x leverage. 

More details on the USDⓈ-M AUCTION Perpetual Contract can be found in the table below:  

Please Note: 

• The maximum funding rate of the AUCTIONUSDT Perpetual Contract at the time of launch is 2.00% / -2.00%.

• The funding fee settlement frequency is every four hours.

• Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the AUCTIONUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.

• Based on market risk conditions, Binance may adjust the specifications of the AUCTIONUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

• Multi-Assets Mode allows users to trade the AUCTIONUSDT 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 AUCTIONUSDT Perpetual Contract. 

• The AUCTIONUSDT 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

2023-12-15