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Binance Futures Will Launch USDⓈ-M HOOK Perpetual Contracts with Up to 20X Leverage

Binance Futures Will Launch USDⓈ-M HOOK Perpetual Contracts with Up to 20X Leverage

2023-01-20 04:20
Fellow Binancians,
Binance Futures will launch USDⓈ-M HOOK perpetual contracts on 2023-01-23 03:00 (UTC) with up to 20x leverage.
More details on HOOKUSDT Perpetual Contracts can be found in the table below:
USDⓈ-M Perpetual Contracts
HOOKUSDT
Launch Time
2023-01-23 03:00 (UTC)
Underlying Asset
HOOK
Settlement Asset
USDT
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:
  • 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 HOOKUSDT 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 HOOKUSDT Perpetual Contracts.
  • HOOKUSDT 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
2023-01-20
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: 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. 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.