Binance Futures Will Update the Settlement Frequency of USDⓈ-M HIFIUSDT Perpetual Contract
Fellow Binancians,
Binance Futures will increase the funding rate settlement frequency of the USDⓈ-M HIFIUSDT Perpetual Contract from every eight hours to every four hours starting from 2023-09-17 at 08:00 (UTC). The detailed arrangement is as follows:
Please Note:
In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the USDⓈ-M HIFIUSDT Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
For more information:
Thanks for your support!
Binance Team
2023-09-17
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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.
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