Binance Futures will launch TURBO 1-50x USDT perpetual contracts

Dear User:

To provide more Binance Futures trading options and enhance the user trading experience, Binance Futures will launch the TURBO USDT-margined Perpetual Contract at 23:30 (ET) on May 30, 2024, with a maximum leverage of 50x.

More information about TURBO USDT-margined perpetual contracts is shown in the table below:

Please note:

• When TURBOUSDT perpetual contract is launched, the upper and lower limits of its funding rate are +2.00% / -2.00%;

• Funding fees are settled every four hours;

• Based on market risk conditions, Binance may adjust the above contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters;

• Multi-asset mode supports the above perpetual contracts. The multi-asset mode supports assets other than USDT as margin for TURBOUSDT perpetual contracts (including valuation discounts). For example: users can use BTC as margin to trade TURBOUSDT perpetual contracts;

• The above-mentioned USDT-margined contracts are subject to the Binance Terms of Use and the Binance Futures Service Agreement;

• There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

illustrate:

• U-standard contract trading rules

• Leverage and Margin of U-margin Contracts

• How to switch contract trading pairs

• Binance Futures Trading Fee Rate Table

• Mark Price and Index Price

• Funding Rate History

• Multi-asset model

Thank you for your support!

Binance Team

May 30, 2024