LBank Futures Will Launch MAGA USDT-Margined Perpetual Contract

Dear LBank users,

LBank will list the MAGA USDT-M perpetual contract at 13:00 on May 25, 2024 (UTC). Details are as follows:

Trading pair	Leverage	Tick Size	Funding Fee Settlement Frequency
MAGAUSDT	1~50X	0.0000001USDT	Every Four Hours

Trade MAGAUSDT perpetual contract at: https://www.lbank.com/futures/magausdt/

※ This will be effective upon commencement of trading.

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

Further Information:

A Beginner’s Guide To Futures Trading (App)
A Beginner’s Guide To Futures Trading（Web）
Trading Rules of USDT-M Futures Contracts
How to Select Trading Pairs
LBank Futures Fee Structure
Mark Price in Perpetual Futures Contract

LBank Community

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For any assistance, please contact us at our official email service@lbank.com. We are dedicated to providing quality, professional and prompt support.

Disclaimer: Digital assets are subject to high market risks and price volatility. The value of your investments may fluctuate, and could even lead to a loss of principal. You are solely responsible for your investment decisions, and LBank is not liable for any losses you may incur. You should invest only in products you are familiar with and understand the risks involved. You should carefully consider your investment experience, financial status, investment objectives, and risk tolerance, and consult an independent financial advisor before any investment. Past performance is not a reliable indicator of future performance. Content on the LBank platform does not include advice or recommendations, and should not be construed as financial advice.

LBank reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

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