Fellow Binancians,
Binance Futures will launch the BTC-margined ETH linear perpetual contract at 2023-04-26 12:00 (UTC) with up to 75x leverage.Â
More details on the ETHBTC Linear Perpetual Contract can be found in the table below:Â Â
Please note:Â
Both BTC-margined and USDâ-M perpetual contracts are linear perpetual contracts. The value of each perpetual contract is calculated with their respective settlement asset (e.g., BTC for BTC-margined perpetual contracts, USDT or BUSD for USDâ-M perpetual contracts).
Users can find all BTC-margined perpetual contracts under the [USDâ-M] category of the Binance Futures Trading Page.
Based on market risk conditions, Binance may adjust the specifications of the ETHBTC Linear Perpetual Contract from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Users are able to trade the ETHBTC Linear Perpetual Contract across multiple margin assets with the Multi-Assets Mode, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use USDT as margin when trading the ETHBTC Linear Perpetual Contract.
The same fee structure for BUSD-Margined Contracts will apply to the ETHBTC Linear Perpetual Contract approximately starting from 2023-06-08 06:00 (UTC). Prior to this time, the fee structure for USDT-Margined Contracts will apply to the ETHBTC Linear Perpetual Contract.Â
All trades on the ETHBTC Linear Perpetual Contract will count toward the calculation of usersâ VIP Level, as well as the corresponding taker or maker volume requirements of the Binance Futures Taker Program and USDâ˘-Margined Futures Liquidity Provider Program respectively.
The ETHBTC Linear Perpetual Contract is 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
2023-04-25
Trade on-the-go with Binanceâs crypto trading app (iOS/Android)
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Note: This announcement was last updated on 2023-06-06 to clarify that the fee structure for BUSD-margined contracts will apply to the ETHBTC Linear Perpetual Contract starting from approximately 2023-06-08 06:00 (UTC), instead of the USDT-margined contractsâ fee structure.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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