Binance Futures Will Launch SOLUSD COIN-M Quarterly and Bi-Quarterly Contracts with up to 20x Leverage

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Futures will launch the SOLUSD CM 0927 Quarterly and SOLUSD CM 1227 Bi-Quarterly Contracts at 2024-08-14 12:00 (UTC) and 2024-08-14 12:05 (UTC),with up to 20x leverage.

More details on the SOLUSD COIN-M Quarterly and Bi-Quarterly Contracts can be found in the table below:

COIN-M Perpetual Contract	SOLUSD CM 0927	SOLUSD CM 1227
Launch Time	2024-08-14 12:00 (UTC)	2024-08-14 12:05 (UTC)
Underlying Asset	Solana (SOL)
Settlement Asset	SOL
Tick Size	0.001
Capped Funding Rate	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Funding Fee Settlement Frequency	Every Eight Hours
Maximum Leverage	20x
Trading Hours	24/7
Multi-Assets Mode	Not Supported

Please Note:

The funding fee settlement frequency is every eight hours.
Based on market risk conditions, Binance may adjust the specifications of the aforementioned futures contract(s) from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
The SOLUSD COIN-M Quarterly and Bi-Quarterly Contracts are subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.