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Binance Futures Will Launch USDⓈ-M Binance Football Fan Token Index Perpetual Contracts with Up to 25X Leverage

Binance Futures Will Launch USDⓈ-M Binance Football Fan Token Index Perpetual Contracts with Up to 25X Leverage

2022-08-31 06:20
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:
Thanks for your support!
Binance Team
2022-08-31
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