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Binance Futures Will Launch USDT-Margined NKN Perpetual Contracts with Up to 25X Leverage

Binance
2021-04-09 03:27
Fellow Binancians,
Binance Futures will launch USDT-margined NKN perpetual contracts with up to 25x leverage at 2021-04-09 07:00 AM (UTC).
Please note: NKN perpetual contracts are USDT-margined futures contracts that use USDT as collateral. Users will be able to select between 1-25x leverage.
Further information:
Binance Futures will increase the maximum leverage of DENT, CELR, HOT, MTL, OGN and BTT USDT-margined perpetual contracts from 25x to 50x at 2021-04-09 04:00 AM (UTC), with new leverage and margin tiers as reflected in the table below. Existing positions will not be affected.
DENT, CELR, HOT, MTL, OGN and BTT 50X USDT-margined perpetual contracts
Position (USDT Notional)LeverageMaintenance MarginInitial Margin
0 < Position ≤ 5,00021-50x1.00%2.00%
5,000 < Position ≤ 25,00011-20x2.50%5.00%
25,000 < Position ≤ 100,0006-10x5.00%10.00%
100,000 < Position ≤ 250,0003-5x10.00%20.00%
250,000 < Position ≤ 1,000,0002x12.50%50.00%
Position > 1,000,0001x50.00%100.00%
In addition, Binance Futures has started updating the Maintenance Margin of COIN-M futures contracts periodically. The adjustment is expected to be completed in 10 weeks. The implementation times for next week are 2021-04-13 9:00 AM (UTC) and 2021-04-15 9:00 AM (UTC). To avoid being liquidated, please add more margin to your COIN-M Futures account or reduce your positions.
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.
Thanks for your support!
Binance Team
2021-04-09
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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.