This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To further support and protect our users, Binance Futures guarantees that there will be no auto deleveraging (ADL) incident(s) when users trade BTC, ETH, and BNB USDⓈ-M Futures Contracts listed below if the total open interest of the following contracts does not exceed 10 billion USDT:
BTCUSDT Perpetual
BTCUSDT Quarterly
BTCUSDC Perpetual
ETHUSDT Perpetual
ETHUSDT Quarterly
ETHUSDC Perpetual
BNBUSDT Perpetual
Important Notes:
The open interest and insurance fund balance are updated at 00:00 AM (UTC) daily.
The ADL Guarantee is applicable to all BTCUSDT and ETHUSDT USDⓈ-M quarterly Futures Contracts (i.e., It will apply to the new BTCUSDT and ETHUSDT USDⓈ-M quarterly Futures Contracts when the current BTCUSDT and ETHUSDT quarterlies are delivered.)
Binance will compensate users who incur losses from ADL incidents on the above-mentioned USDⓈ-M Futures Contracts by utilizing the fund from each contract’s insurance fund.
For more information, please refer to Counterparty Liquidation.
Thank for your support!
Binance Team
2021-03-02
Note: This announcement was amended on 2025-08-15 to update the total open interest from 4 billion USDT to 10 billion USDT and to add BTCUSDC and ETHUSDC perpetual contracts to the Auto Deleveraging (ADL) Guarantee contracts list.
Risk Warning: Futures trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
