Binance Futures Will Launch BUSD-Margined ETC Perpetual Contracts with Up to 20X Leverage

2022-07-27 03:35

Fellow Binancians,

Binance Futures will launch BUSD-margined ETC perpetual contracts with up to 20x leverage on 2022-07-28 02:45 (UTC). More details may be found in the table below:

BUSD-Margined Perpetual Contracts	ETCBUSD
Launch Time	2022-07-28 02:45 (UTC)
Settlement Asset	BUSD
Face Value	1 ETC
Tick Size	0.001
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:

ETCBUSD perpetual contracts are BUSD-margined futures contracts that use BUSD as collateral. Users will be able to select between 1-20x leverage.
Based on market risk conditions, Binance may adjust the settings of these contracts from time to time.
The Multi-Asset Mode allows users to trade USDⓈ-M perpetual contracts across multiple margin assets. Users can use USDT as margin when trading BUSD-margined perpetual contracts.

Further information:

Thanks for your support!

Binance Team

2022-07-27

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