Exchangе

Binance Futures Will Launch BUSD-Margined MATIC and CVX Perpetual Contracts with Up to 20X Leverage

Fellow Binancians,
Binance Futures will launch BUSD-margined MATIC and CVX perpetual contracts with up to 20x leverage on 2022-07-13 at 02:45 (UTC) and 2022-07-13 at 03:00 (UTC) respectively. More details can be found in the table below:

BUSD-Margined Perpetual Contracts MATICBUSD CVXBUSD
Launch Time 2022-07-13 02:45 (UTC) 2022-07-13 03:00 (UTC)
Settlement Asset BUSD BUSD
Face Value 1 MATIC 1 CVX
Tick Size 0.0001 0.001
Capped Funding Rate Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio) Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage 20x 20x
Trading Hours 24/7 24/7
Multi-Asset Mode Supported Supported

Please note:

  • MATICBUSD and CVXBUSD perpetual contracts are BUSD-margined futures contracts that use BUSD as collateral. Users will be able to select between 1-20x leverage.
  • Based on market risk conditions, Binance may adjust the settings of these contracts from time to time.
  • The Multi-Asset Mode allows users to trade USDⓈ-M perpetual contracts across multiple margin assets. Users can use USDT as margin when trading BUSD-margined perpetual contracts.

Further information:

  • Trading Rules of BUSD Futures Contracts
  • Leverage and Margin of BUSD Futures Contracts
  • Binance Futures Fee Schedule
  • How to Select Trading Pairs
  • Funding Rate History
  • Price Index
  • Multi-Asset Mode

   

Source

Click to rate this post!
[Total: 0 Average: 0]
Show More

One Comment

  1. These are in fact enormous ideas in regarding blogging.
    You have touched some pleasant factors here.

    Any way keep up wrinting.

Leave a Reply

Your email address will not be published.