Binance Will Launch a FIL/USD Coin-Margined Perpetual Contract With Up to 50x Leverage and List FILUP & FILDOWN Binance Leveraged Tokens

Binance Futures will launch a FIL/USD coin-margined perpetual contract with trading opening at 2020/10/20 7:00 AM (UTC). The FIL/USD coin-margined perpetual contract is a futures contract that uses FIL as collateral. Users will be able to select between 1-50x leverage.

Binance will also list Leveraged Tokens: FILUP and FILDOWN, with FILUP/USDT and FILDOWN/USDT trading pairs at the same time at 2020/10/20 7:00 AM (UTC).

Binance Leveraged Tokens are tradable assets (off-chain tokens) in the Binance spot market that give users leveraged exposure to the underlying asset. Each leveraged token represents a basket of perpetual contract positions. The price of the tokens tracks the change in notional amount of the perpetual contract positions in the basket and changes in the multiples of leverage level.

Please ensure you have fully read the Binance Leveraged Tokens Risk Disclosure Statement prior to trading or participating in any Binance Leveraged Tokens products, and fully understand the risks associated with leveraged tokens. As a trader, you acknowledge and agree that you shall access and use Binance Leveraged Tokens at your own risk.

Further information:

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.