Binance Futures will launch BTCBUSD Monthly and Bi-Monthly Delivery Contracts, with trading opening at 2021/01/05 07:00 AM (UTC). Users will be able to select between 1-125x leverage. The BTCBUSD Monthly and Bi-Monthly Delivery Contracts are BUSD-margined futures contracts that use BUSD as collateral, quoted and settled in BUSD.
- The Monthly Delivery Contract is a derivative contract with a set expiration and settlement, will expire on the last Friday of the month. For example: “BTCBUSD Monthly 0129” indicating the expiration date is set for 2021/01/29 8:00 AM (UTC); “BTCBUSD Bi-Monthly 0226” indicating that the expiration date is set for 2021/02/26 8:00 AM (UTC).
- After the current Monthly contract is delivered and settled, a new Bi-Monthly contract will be generated, and the existing Bi-Monthly contract will be renamed as the Monthly contract. For example: “BTCBUSD Monthly 0129” will be delisted at 2021/01/29 8:00 AM (UTC) after settlement, “BTCBUSD Bi-Monthly 0226” will be remanded to “BTCBUSD Monthly 0226”, and a new “BTCBUSD Bi-Monthly 0326” is generated , and so on.
- Further information: BUSD-Margined Delivery Contracts
Risk warning: Futures trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures.
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