This is a general announcement, and the products and services mentioned here may not be applicable in your region.

Dear Users:

Binance Alpha will launch and open trading for Skate (SKATE) on June 9, 2025, at 18:00 (UTC+8). Additionally, the Binance contract platform will launch the SKATEUSDT perpetual contract on June 9, 2025, at 18:30 (UTC+8), with a maximum leverage of 50 times.

Binance is the first to announce the opening of Skate (SKATE) contract trading and to showcase the SKATE token on Binance Alpha.

As a launch benefit, all eligible Binance users will receive an exclusive Binance token airdrop. Eligible users must claim the airdrop using Binance Alpha points from June 9, 2025, 18:00 (UTC+8) to June 10, 2025, 18:00 (UTC+8) through the Binance Alpha event page. Users can access the Binance Alpha event page via the search function in the Binance App. Click here for more information on how to use Binance Alpha points to claim the Alpha airdrop.

More information about the aforementioned perpetual contracts is shown in the table below:

Please Note:

• Details about the minimum price fluctuation will be updated 15 minutes before trading starts. Please refer to this announcement for the most accurate and up-to-date information;

• The aforementioned perpetual contracts will open for copy trading within 24 hours after going live. For more information about contract copy trading, please refer to this FAQ;

• When the aforementioned perpetual contracts go live, their funding rate upper and lower limits will be +2.00% / -2.00%;

• Funding fees are settled every four hours;

• Based on market risk conditions, Binance may adjust the parameters of the aforementioned contracts, including adjusting the funding rate, minimum price fluctuation, maximum leverage, initial margin, maintenance margin, and other important parameters;

• The multi-asset mode supports the aforementioned perpetual contracts. The multi-asset mode supports assets other than USDT as margin for the aforementioned perpetual contracts (including valuation discounts). For example: users can use BTC as margin to trade the aforementioned perpetual contracts;

• The aforementioned perpetual contracts are subject to the (Binance Terms of Use) and (Binance Contract Service Agreement);

• Contracts and spot listings are not related. Contracts that go live on Binance do not guarantee they will be listed on the Binance spot market;

• If there is a discrepancy between this announcement and any contract FAQ, this announcement shall prevail for the most accurate and up-to-date information;

• There may be differences between the English original announcement and the translated version. If there are any discrepancies, please refer to the English original for the latest or most accurate information.

Note:

• U-based Contract Trading Rules

• Leverage and Margin for U-based Contracts

• How to Switch Contract Trading Pairs

• Binance Contract Platform Trading Fee Rate Table

• Mark Price and Index Price

• Funding Rate History

• Multi-Asset Mode

Thank you for your support of Binance!

Binance Team

June 6, 2025

Note: This announcement was updated on June 9, 2025, adding that the minimum price fluctuation for SKATEUSDT is 0.00001.

Disclaimer:

Binance Alpha showcases emerging digital assets that have not yet been listed on the Binance exchange. Labeling an asset as Alpha does not guarantee that it will definitely be listed on the Binance exchange. You may lose all or part of your investment. Please note: (i) Alpha assets face heightened risks of price volatility, thus carrying greater risk; (ii) You may face risks of price decline and incurring blockchain transaction fees; (iii) Alpha assets cannot be withdrawn from the Binance exchange. Binance is not responsible for any losses you incur from investing in Binance Alpha assets.