Binance Futures Will Launch USDⓈ-M SPELL Perpetual Contracts with Up to 25X Leverage

2022-09-06 02:15

Fellow Binancians,

Binance Futures will launch USDⓈ-M SPELL perpetual contracts with up to 25x leverage on 2022-09-06 at 12:00 (UTC).

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

USDⓈ-M Perpetual Contracts	SPELLUSDT
Launch Time	2022-09-06 12:00 (UTC)
Underlying Asset	SPELL
Settlement Asset	USDT
Tick Size	0.000001
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 SPELLUSDT 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 SPELLUSDT Perpetual Contracts.
SPELLUSDT 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

2022-09-06

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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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