Exchange Announcement Tracking

Feb 19,2024
Binance: Binance contracts will come online with 1-75x USDC standard ORDI perpetual contracts Fellow Binancians, To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the USDC-margined ORDI Perpetual Contract at 2024-02-22 07:00 (UTC), with up to 75x leverage.  More details on the USDC-margined ORDI Perpetual Contract can be found in the table below:   USDⓈ-M Perpetual ContractORDIUSDCLaunch Time2024-02-22 07:00 (UTC) Underlying AssetORDI (ORDI)Settlement AssetUSDCTick Size0.001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage75xTrading Hours24/7Multi-Assets ModeSupported Please Note:  The maximum funding rate of the ORDIUSDC Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours. TimeMax Funding Rate2024-02-22 08:00 (UTC)+2.00% / -2.00%2024-02-22 12:00 (UTC)+2.00% / -2.00%2024-02-22 16:00 (UTC)+2.00% / -2.00%2024-02-22 20:00 (UTC)+2.00% / -2.00%…… Users will be eligible to enjoy a 10% promotional trading fee discount for all trades on USDC-margined futures contracts until 2024-04-03 12:30 (UTC). Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the aforementioned futures contract(s) 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 futures contract(s) 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 ORDIUSDC Perpetual Contract. The ORDIUSDC Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 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 Thank you for your support! Binance Team 2024-02-19 Original link:
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