This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Futures will launch USDⓈ-M Binance Football Fan Token Index perpetual contracts (“FOOTBALLUSDT Perpetual Contracts”) with up to 25x leverage on 2022-09-01 at 03:00 (UTC). Binance Football Fan Token Index is a new cryptocurrency price index that tracks the top Football Club Fan Tokens listed on Binance Spot by market capitalization.
More details on FOOTBALLUSDT Perpetual Contracts can be found in the table below:
USDⓈ-M Perpetual Contracts | FOOTBALLUSDT |
Launch Time | 2022-09-01 03:00 (UTC) |
Underlying Asset | Binance Football Fan Token Index |
Settlement Asset | USDT |
Index Base Level | 1,000 |
Tick Size | 0.01 |
Capped Funding Rate | Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio) |
Max Leverage | 25x |
Trading Hours | 24/7 |
Multi-Asset Mode | Supported |
Please note:
- Based on market risk conditions, Binance may adjust the specifications of the contracts from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
- Multi-Asset Mode allows users to trade FOOTBALLUSDT Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use BUSD as margin when trading FOOTBALLUSDT Perpetual Contracts.
- FOOTBALLUSDT Perpetual Contracts are subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Further information:
- What Is the Binance Football Fan Token Index
- Trading Rules of USDT-Margined Futures Contracts
- Leverage and Margin of USDT-Margined Futures Contracts
- Binance Futures Fee Schedule
- How to Select Trading Pairs
- Funding Rate History
- Price Index
- Multi-Asset Mode
Thanks for your support!
Binance Team
2022-08-31
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Binance reserves the right in its sole discretion to amend or change or cancel the products referred to in this announcement at any time and for any reasons without prior notice.
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