Fellow Binancians,

Binance Futures will close all positions and conduct an automatic settlement on the COIN-M KNCUSD, ICXUSD and XTZUSD COIN-M perpetual contracts at 2024-05-20 09:00 (UTC), and ROSEUSD and APEUSD COIN-M perpetual contracts at 2024-05-21 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 COIN-M KNCUSD, ICXUSD, XTZUSD, ROSEUSD and APEUSD perpetual contracts at 2024-05-10 10:30 (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:

  • COIN-M KNCUSD Perpetual Contract

Previous Leverage and Margin Tiers

New Leverage and Margin Tiers

Leverage Before Change

Position Before Change (Notional Value in KNC)

Maintenance Margin Rate Before Change

Leverage After Change

Position After Change (Notional Value in KNC)

Maintenance Margin Rate After Change

11 - 20x

0 < Position ≤ 5,000

2.50%

11 - 20x

0 < Position ≤ 5,000

2.50%

6 - 10x

5,000 < Position ≤ 20,000

5.00%

6 - 10x

5,000 < Position ≤ 20,000

5.00%

5x

20,000 < Position ≤ 50,000

10.00%

5x

20,000 < Position ≤ 50,000

10.00%

3 - 4x

50,000 < Position ≤ 100,000

12.50%

3 - 4x

50,000 < Position ≤ 100,000

12.50%

2x

100,000 < Position ≤ 200,000

25.00%

2x

100,000 < Position ≤ 200,000

25.00%

1x

200,000 < Position ≤ 6,000,000

50.00%

1x

200,000 < Position ≤ 250,000

50.00%

  • COIN-M ICXUSD Perpetual Contract

Previous Leverage and Margin Tiers

New Leverage and Margin Tiers

Leverage Before Change

Position Before Change (Notional Value in ICX)

Maintenance Margin Rate Before Change

Leverage After Change

Position After Change (Notional Value in ICX)

Maintenance Margin Rate After Change

11 - 20x

0 < Position ≤ 25,000

2.50%

11 - 20x

0 < Position ≤ 25,000

2.50%

6 - 10x

25,000 < Position ≤ 100,000

5.00%

6 - 10x

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 ≤ 500,000

12.50%

3 - 4x

250,000 < Position ≤ 500,000

12.50%

2x

500,000 < Position ≤ 1,000,000

25.00%

2x

500,000 < Position ≤ 1,000,000

25.00%

1x

1,000,000 < Position ≤ 30,000,000

50.00%

1x

1,000,000 < Position ≤ 1,500,000

50.00%

  • COIN-M XTZUSD Perpetual Contract

Previous Leverage and Margin Tiers

New Leverage and Margin Tiers

Leverage Before Change

Position Before Change (Notional Value in XTZ)

Maintenance Margin Rate Before Change

Leverage After Change

Position After Change (Notional Value in XTZ)

Maintenance Margin Rate After Change

11 - 20x

0 < Position ≤ 50,000

2.50%

11 - 20x

0 < Position ≤ 50,000

2.50%

6 - 10x

50,000 < Position ≤ 100,000

5.00%

6 - 10x

50,000 < Position ≤ 100,000

5.00%

5x

100,000 < Position ≤ 200,000

10.00%

5x

100,000 < Position ≤ 200,000

10.00%

3 - 4x

200,000 < Position ≤ 400,000

12.50%

3 - 4x

200,000 < Position ≤ 400,000

12.50%

2x

400,000 < Position ≤ 600,000

25.00%

2x

400,000 < Position ≤ 600,000

25.00%

1x

600,000 < Position ≤ 6,000,000

50.00%

1x

600,000 < Position ≤ 650,000

50.00%

  • COIN-M ROSEUSD Perpetual Contract

Leverage Before Change

Position Before Change (Notional Value in ROSE)

Maintenance Margin Rate Before Change

Leverage After Change

Position After Change (Notional Value in ROSE)

Maintenance Margin Rate After Change

11 - 20x

0 < Position ≤ 100,000

2.50%

11 - 20x

0 < Position ≤ 100,000

2.50%

6 - 10x

100,000 < Position ≤ 200,000

5.00%

6 - 10x

100,000 < Position ≤ 200,000

5.00%

5x

200,000 < Position ≤ 500,000

10.00%

5x

200,000 < Position ≤ 500,000

10.00%

3 - 4x

500,000 < Position ≤ 1,000,000

12.50%

3 - 4x

500,000 < Position ≤ 1,000,000

12.50%

2x

1,000,000 < Position ≤ 2,000,000

25.00%

2x

1,000,000 < Position ≤ 2,000,000

25.00%

1x

2,000,000 < Position ≤ 60,000,000

50.00%

1x

2,000,000 < Position ≤ 5,000,000

50.00%

  • COIN-M APEUSD Perpetual Contract

Previous Leverage and Margin Tiers

New Leverage and Margin Tiers

Leverage Before Change

Position Before Change (Notional Value in APE)

Maintenance Margin Rate Before Change

Leverage After Change

Position After Change (Notional Value in APE)

Maintenance Margin Rate After Change

11 - 20x

0 < Position ≤ 2,000

2.50%

11 - 20x

0 < Position ≤ 2,000

2.50%

6 - 10x

2,000 < Position ≤ 10,000

5.00%

6 - 10x

2,000 < Position ≤ 10,000

5.00%

5x

10,000 < Position ≤ 20,000

10.00%

5x

10,000 < Position ≤ 20,000

10.00%

3 - 4x

20,000 < Position ≤ 40,000

12.50%

3 - 4x

20,000 < Position ≤ 40,000

12.50%

2x

40,000 < Position ≤ 80,000

25.00%

2x

40,000 < Position ≤ 80,000

25.00%

1x

80,000 < Position ≤ 2,000,000

50.00%

1x

80,000 < Position ≤ 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 the following dates:

    • 2024-05-20 08:30 (UTC): KNCUSD, ICXUSD and XTZUSD COIN-M perpetual contracts

    • 2024-05-21 08:30 (UTC): ROSEUSD and APEUSD COIN-M perpetual contracts 

  • In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned 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.

  • All KNC, ICX, XTZ, ROSE and APE positive balances in CM Wallets under the Portfolio Margin account will be automatically transferred to Cross Margin Wallet after the settlement is complete. For those who do not have a Portfolio Margin account, the balances in CM Wallets will be transferred to Spot Wallet. 

  • All KNC, ICX, XTZ, ROSE and APE negative balances in CM Wallets under the Portfolio Margin account will conduct an auto-repayment process after the settlement is complete. The conversion may take approximately 24 hours or longer. Binance will not be liable for any losses on new positions during this period that may incur as a result of the conversion of funds. Refer to this FAQ for more information.

  • 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.

For More Information:

Thank you for your support!

Binance Team

2024-05-10