Binance Futures Will Launch USDⓈ-M MAGIC Perpetual Contracts with Up to 20X Leverage

2023-01-23 08:30

Fellow Binancians,

Binance Futures will launch USDⓈ-M MAGIC perpetual contracts on 2023-01-25 03:00 (UTC) with up to 20x leverage.

More details on MAGICUSDT Perpetual Contracts can be found in the table below:

USDⓈ-M Perpetual Contracts	MAGICUSDT
Launch Time	2023-01-25 03:00 (UTC)
Underlying Asset	MAGIC
Settlement Asset	USDT
Tick Size	0.0001
Capped Funding Rate	Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)
Max Leverage	20x
Trading Hours	24/7
Multi-Asset Mode	Supported

Please note:

Based on market risk conditions, Binance may adjust the specifications of the contracts from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Asset Mode allows users to trade MAGICUSDT Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Asset Mode is activated, users can use BUSD as margin when trading MAGICUSDT Perpetual Contracts.
MAGICUSDT Perpetual Contracts are subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Further information:

Thanks for your support!

Binance Team

2023-01-23

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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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