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      Binance Futures Will Launch USDⓈ-Margined TROYUSDT Perpetual Contract With up to 75x Leverage

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

      Fellow Binancians,

      To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the TROYUSDT Perpetual Contract at 2024-10-31 13:00 (UTC) with up to 75x leverage. 

      More details on the aforementioned perpetual contract can be found in the table below:  

      USDⓈ-M Perpetual Contract

      TROYUSDT

      Launch Time

      2024-10-31 13:00 (UTC)

      Underlying Asset

      TROY (TROY)

      Settlement Asset

      USDT

      Tick Size

      0.000001

      Capped Funding Rate

      2.00% / -2.00%

      Funding Fee Settlement Frequency

      Every Four Hours

      Maximum Leverage

      75x

      Trading Hours

      24/7

      Multi-Assets Mode

      Supported

      Please Note: 

      • The maximum funding rate of the aforementioned 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

      2024-10-31 16:00 (UTC)

      2.00% / -2.00%

      2024-10-31 20:00 (UTC)

      2.00% / -2.00%

      2024-11-01 00:00 (UTC)

      2.00% / -2.00%

      2024-11-01 04:00 (UTC)

      2.00% / -2.00%

      • Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures 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 aforementioned TROYUSDT 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 aforementioned perpetual contract. 

      • The aforementioned perpetual contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

      • There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

      Further Information:

      • Trading Rules of USDⓈ-M Futures Contracts

      • Leverage and Margin of USDⓈ-M Futures Contracts

      • Binance Futures Fee Structure

      • How to Select Trading Pairs

      • Funding Rate History

      • Mark Price and Price Index

      • Multi-Assets Mode

      Thank you for your support!

      Binance Team

      2024-10-31

      Read the original article at binance

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