The following information was taken from www.binance.com
Binance Futures Will Launch USDⓈ-M CYBER Perpetual Contract with Up to 20x Leverage
Fellow Binancians,
Binance Futures will launch the USDⓈ-M CYBER perpetual contract at 2023-08-21 12:00 (UTC), with up to 20x leverage.
More details on the USDⓈ-M CYBER Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | CYBERUSDT |
| Launch Time | 2023-08-21 12:00 (UTC) |
| Underlying Asset | CYBER |
| Settlement Asset | USDT |
| Tick Size | 0.001 |
| Capped Funding Rate | Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio) |
| Max Leverage | 20x |
| Trading Hours | 24/7 |
| Multi-Assets Mode | Supported |
Please Note
- Based on market risk conditions, Binance may adjust the specifications of the CYBERUSDT Perpetual Contract from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
- Multi-Assets Mode allows users to trade the CYBERUSDT 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 a margin when trading the CYBERUSDT Perpetual Contract.
- The CYBERUSDT 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 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
Thanks for your support!
Binance Team
2023-08-20
Sources:binance
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