This is a general announcement. Products and services referred to here may not be available in your region. 

Fellow Binancians,

Binance is excited to announce that IO.NET (IO) has been added to Binance Simple Earn, "Buy Crypto", and Binance Convert. In addition, Binance will add IO on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-06-11 14:00 (UTC), 2024-06-11 14:00 (UTC) and 2024-06-13 10:00 (UTC) respectively. 

Earn

  • Users can now subscribe to IO Flexible Products on Binance Simple Earn.

  • From 2024-06-13 at 10:00 (UTC), users may purchase IO using any of the payment options supported on Binance Auto-Invest.

Buy & Sell Crypto

Users may now buy IO directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell IO directly with their available wallet balances at the “Buy Crypto” page.

Convert

Users can now trade IO against BTC, USDT and any other tokens supported by Binance Convert at zero fees. 

Margin

Binance Margin will add IO as a new borrowable asset on Cross and Isolated Margin, as well as the IO/USDT pair on Cross and Isolated Margin at 2024-06-11 14:00 (UTC).

Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.

Futures

Binance Futures will launch the USDⓈ-M IO Perpetual Contract at 2024-06-11 14:00 (UTC), with up to 50x leverage. 

More details on the USDⓈ-M IO Perpetual Contract can be found in the table below:  

USDⓈ-M Perpetual Contract

IOUSDT

Launch Time 

2024-06-11 14:00 (UTC) 

Underlying Asset

IO.NET (IO) 

Settlement Asset

USDT

Tick Size

0.001

Capped Funding Rate

+2.00% / -2.00%

Funding Fee Settlement Frequency

Every Four Hours

Maximum Leverage

50x

Trading Hours

24/7

Multi-Assets Mode

Supported

Please Note: 

  • The maximum funding rate of the IOUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. 

  • The funding fee settlement frequency is every four hours.

Time

Max Funding Rate

2024-06-11 16:00 (UTC)

+2.00% / -2.00%

2024-06-11 20:00 (UTC)

+2.00% / -2.00%

2024-05-17 00:00 (UTC)

+2.00% / -2.00%

2024-05-17 04:00 (UTC)

+2.00% / -2.00%

…

…

  • Based on market risk conditions, Binance may adjust the specifications of the IOUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

  • Multi-Assets Mode allows users to trade the IOUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the IOUSDT Perpetual Contract. 

  • The IOUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

Guides & Related Materials:

Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-06-11