Binance Futures Will Launch USDⓈ-M PHB Perpetual Contracts with Up to 20x Leverage

Fellow Binancians,

Binance Futures will launch PHBBUSD perpetual contracts with up to 20x leverage on 2022-09-16 at 02:30 (UTC).

More details on PHBBUSD Perpetual Contracts can be found in the table below:

USDⓈ-M Perpetual Contracts	PHBBUSD
Launch Time	2022-09-16 02:30 (UTC)
Underlying Asset	PHB
Settlement Asset	BUSD
Tick Size	0.0001
Capped Funding Rate	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage	20x
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 PHBBUSD Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use USDT as margin when trading PHBBUSD Perpetual Contracts.
PHBBUSD 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

2022-09-15

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