Exchange Announcement Tracking

Nov 16,2023
Binance: Binance will launch KAS 1-50x U standard perpetual contracts Fellow Binancians, Binance Futures will launch the USDⓈ-M KAS perpetual contract at 2023-11-17 02:00 (UTC), with up to 50x leverage.  More details on the USDⓈ-M KAS Perpetual Contract can be found in the table below:   USDⓈ-M Perpetual ContractKASUSDTLaunch Time 2023-11-17 02:00 (UTC) Underlying AssetKASSettlement AssetUSDTTick Size0.00001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported Please note:  The maximum funding rate of the KASUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%.The funding fee settlement frequency is every four hours. TimeMax Funding Rate2023-11-17 04:00 (UTC)+2.00% / -2.00%2023-11-17 08:00 (UTC)+2.00% / -2.00%2023-11-17 12:00 (UTC)+2.00% / -2.00%2023-11-17 16:00 (UTC)+2.00% / -2.00%…… Based on market risk conditions, Binance may adjust the specifications of the KASUSDT Perpetual 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 KASUSDT 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 KASUSDT Perpetual Contract. The KASUSDT 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: Trading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts Binance Futures Fee StructureHow to Select Trading PairsFunding Rate HistoryMark Price and Price IndexMulti-Assets Mode Thanks for your support! Binance Team 2023-11-16 Original link:
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