Exchange Announcement Tracking

Feb 22,2024
Binance: Binance will launch GLM 1-50 times U standard 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 USDⓈ-M GLM Perpetual Contract at 2024-02-22 10:00 (UTC), with up to 50x leverage.  More details on the USDⓈ-M GLM Perpetual Contract can be found in the table below:   USDⓈ-M Perpetual Contract GLMUSDTLaunch Time 2024-02-22 10:00 (UTC) Underlying AssetGolem (GLM)Settlement AssetUSDTTick Size0.0001Capped 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 GLMUSDT 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 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%2024-02-23 00:00 (UTC)+2.00% / -2.00%…… Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the GLMUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the GLMUSDT 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 GLMUSDT 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 GLMUSDT Perpetual Contract. The GLMUSDT 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 2024-02-22 Original link:
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