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Updates to Binance USDT-Margined Futures Contracts Insurance Clear Fee
Binance
2020-11-23 06:42
Fellow Binancians,
In order to avoid Auto-Deleveraging (ADL), Binance Futures will adjust the insurance clear fee of USDT-margined contracts at 2020/11/23 7:00 AM (UTC) as reflected in the table below.
USDT-margined contractsInsurance Clear Fee (before change)Insurance Clear Fee (after change)
BTCUSDT contracts0.3%0.50%
ETHUSDT, BCHUSDT Contracts and Contracts with a maximum leverage of x750.5%0.75%
Contracts with a maximum leverage of x500.75%1.00%
Please find more details:
  • Insurance Fund
  • Liquidation
  • Counterparty Liquidation
  • Leverage and Margin of USDT-Ⓜ Futures Contracts
Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.
Thanks for your support!
Binance Team
2020/11/23
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