![]() ![]() The maximum funding rate at the inception of the contract is set at +2.00% / -2.00%.īinance has also reserved the right to adjust the parameters of the BEAMX/USDT Perpetual Contract in response to market risk conditions. Firstly, it’s important to note that the on-platform ticker ‘BEAMX’ represents ‘Beam’ on Binance, which may differ from its on-chain display. The BEAMX/USDT Perpetual Contract introduces several key parameters that traders need to be aware of. Understanding the contract specifications This structure is designed to provide a balanced and fair trading environment for all participants. Additionally, the funding rate for this contract is capped at +2.00% / -2.00%, with the funding fee being settled every four hours. The contract comes with a tick size of 0.000001, ensuring precise and granular trading options for participants. One of the most striking features of this new contract is the option for traders to leverage their positions up to 50 times, providing a significant opportunity for those looking to amplify their trading strategies. This contract allows traders to engage in transactions around the clock, reflecting the non-stop nature of the cryptocurrency market. The latest addition to Binance Futures’ offerings, the BEAMX Perpetual Contract, is based on the underlying asset BEAM, with USDT (Tether) as the settlement asset. This move marks a notable expansion in the range of trading options available on the platform, particularly for those interested in leveraging their cryptocurrency investments. ![]() Starting November 17, 2023, at 13:30 UTC, traders will have access to the USDⓈ-M BEAMX Perpetual Contract. In a significant development for cryptocurrency traders, Binance Futures has announced the introduction of a new trading instrument in its portfolio. The contract features include a tick size of 0.000001, a capped funding rate of +2.00% / -2.00%, and the innovative Multi-Assets Mode, allowing the use of multiple margin assets like BTC for trading.Binance Futures is launching the USDⓈ-M BEAMX Perpetual Contract on November 17, 2023, offering traders up to 50x leverage and round-the-clock trading with USDT as the settlement asset.This change will take effect on at 06:00 (UTC). ![]() On August 16, 2023, Binance Margin communicated its intention to delist the EPX/BUSD, GAL/BUSD, GMX/BUSD, HIVE/BUSD, KLAY/BUSD, RAD/BUSD, and TVK/BUSD cross margin and isolated margin pairs. On August 15, 2023, Binance announced its decision to delist SNM, SRM, and YFII effective from August 22, 2023. Such measures could encompass adjustments to various parameters like leverage values, position values, and maintenance margins.įor those seeking more comprehensive details, Binance has provided resources on its platform, including specifics on the delisting of futures contracts, trading rules, and other related topics. Protective Measures: Binance Futures has highlighted that, in the interest of user protection and to counteract potential risks in volatile market conditions, it might introduce additional protective measures for these contracts without further notice. Users are urged to close any open positions related to these contracts before the specified delisting time to sidestep automatic settlement.įrom at 08:30 (UTC) onwards, users will not have the option to open new positions for the aforementioned contracts. To avoid potential liquidation, users are strongly advised to adjust their positions and leverage settings accordingly. It's crucial for users to note that positions opened before this update will be affected. ![]() Prior to the delisting, Binance Futures will make adjustments to the leverage and margin tiers of these contracts on at 12:30 (UTC). Following this settlement, the contracts will be officially delisted from the platform. Here are the primary details:Īll positions on the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts will undergo an automatic settlement on at 09:00 (UTC). Binance Futures has announced its decision to delist the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts. ![]()
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