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Binance Futures Will Launch BUSD-Margined SAND and LTC Perpetual Contracts with Up to 20X Leverage

Binance Futures Will Launch BUSD-Margined SAND and LTC Perpetual Contracts with Up to 20X Leverage

2022-07-05 06:15
Fellow Binancians,
Binance Futures will launch BUSD-margined SAND and LTC perpetual contracts with up to 20x leverage on 2022-07-07 02:45 (UTC) and 2022-07-07 03:00 (UTC) respectively. More details may be found in the table below:
BUSD-Margined Perpetual Contracts
SANDBUSD
LTCBUSD
Launch Time
2022-07-07 02:45 (UTC)
2022-07-07 03:00 (UTC)
Settlement Asset
BUSD
BUSD
Face Value
1 SAND
1 LTC
Tick Size
0.001
0.01
Capped Funding Rate
Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage
20x
20x
Trading Hours
24/7
24/7
Multi-Asset Mode
Supported
Supported
Please note:
  • SANDBUSD and LTCBUSD 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
2022-07-05
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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.
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