Binance Futures Will Delist and Update the Leverage & Margin Tiers of USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts

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Fellow Binancians,

Binance Futures will close all positions and conduct an automatic settlement on the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts at 2023-08-24 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 LTCBUSD and DOGEBUSD Perpetual Contracts at 2023-08-17 12:30 (UTC), as per the tables below. Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation.

Updates to Leverage & Margin Tiers:

LTCBUSD (USDⓈ-M Perpetual Contract)

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
16 - 25x	0 < Position ≤ 5,000	2.00%	9 - 10x	0 < Position ≤ 5,000	2.00%
11 - 15x	5,000 < Position ≤ 25,000	2.50%	7 - 8x	5,000 < Position ≤ 25,000	2.50%
6 - 10x	25,000 < Position ≤ 100,000	5.00%	6x	25,000 < Position ≤ 100,000	5.00%
5x	100,000 < Position ≤ 250,000	10.00%	5x	100,000 < Position ≤ 250,000	10.00%
3 - 4x	250,000 < Position ≤ 1,500,000	12.50%	3 - 4x	250,000 < Position ≤ 1,500,000	12.50%
2x	1,500,000 < Position ≤ 3,000,000	25.00%	2x	1,500,000 < Position ≤ 3,000,000	25.00%
1x	3,000,000 < Position ≤ 8,000,000	50.00%	1x	3,000,000 < Position ≤ 3,200,000	50.00%

DOGEBUSD (USDⓈ-M Perpetual Contract)

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 ≤ 100,000	2.50%	9 - 10x	0 < Position ≤ 100,000	2.50%
6 - 10x	100,000 < Position ≤ 500,000	5.00%	6 - 8x	100,000 < Position ≤ 500,000	5.00%
4 - 5x	500,000 < Position ≤ 1,000,000	10.00%	4 - 5x	500,000 < Position ≤ 1,000,000	10.00%
3x	1,000,000 < Position ≤ 2,000,000	15.00%	3x	1,000,000 < Position ≤ 2,000,000	15.00%
2x	2,000,000 < Position ≤ 5,000,000	25.00%	2x	2,000,000 < Position ≤ 5,000,000	25.00%
1x	5,000,000 < Position ≤ 8,000,000	50.00%	1x	5,000,000 < Position ≤ 5,200,000	50.00%

Please Note:

Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
Users are not allowed to open new positions for the aforementioned contracts starting from 2023-08-24 08:30 (UTC).

In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as 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.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

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