Binance Futures Will Launch USDⓈ-M SPELL Perpetual Contracts with Up to 25X Leverage

Fellow Binancians,

Binance Futures will launch USDⓈ-M SPELL perpetual contracts with up to 25x leverage on 2022-09-06 at 12:00 (UTC).

More details on SPELLUSDT Perpetual Contracts can be found in the table below:

USDⓈ-M Perpetual Contracts	SPELLUSDT
Launch Time	2022-09-06 12:00 (UTC)
Underlying Asset	SPELL
Settlement Asset	USDT
Tick Size	0.000001
Capped Funding Rate	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage	25x
Trading Hours	24/7
Multi-Asset Mode	Supported

Please note:

Based on market risk conditions, Binance may adjust the specifications of the contracts from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Asset Mode allows users to trade SPELLUSDT Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use BUSD as margin when trading SPELLUSDT Perpetual Contracts.
SPELLUSDT Perpetual 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 Schedule
How to Select Trading Pairs
Funding Rate History
Price Index
Multi-Asset Mode

Thanks for your support!

Binance Team

2022-09-06

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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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