EnglishFellow Binancians,
Binance Futures will close all positions and conduct an automatic settlement on the USDⓈ-M ANCBUSD and AUCTIONBUSD Perpetual Contracts at 2022-12-15 09:00 (UTC). The contracts will be delisted after the settlement is complete.
In addition, Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M ANCBUSD and AUCTIONBUSD Perpetual Contracts on 2022-12-13 at 09:00 (UTC) as reflected below.
- ANCBUSD and AUCTIONBUSD (USDⓈ-M Perpetual Contracts) on 2022-12-13 at 09:00 (UTC)
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage Before Change | Position Before Change (Notional Value in BUSD) | Maintenance Margin Rate (Before Change) | Leverage After Change | Position After Change (Notional Value in BUSD) | Maintenance Margin Rate (After Change) |
11 - 20x | 0 < Position ≤ 5,000 | 2.00% | 8x | 0 < Position ≤ 5,000 | 2.00% |
9 - 10x | 5,000 < Position ≤ 25,000 | 2.50% | 7x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 8x | 25,000 < Position ≤ 100,000 | 5.00% | 6x | 25,000 < Position ≤ 100,000 | 5.00% |
3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% | 3 - 5x | 100,000 < Position ≤ 250,000 | 10.00% |
2x | 250,000 < Position ≤ 1,000,000 | 12.50% | 2x | 250,000 < Position ≤ 1,000,000 | 12.50% |
1x | 1,000,000 < Position ≤ 5,000,000 | 50.00% | 1x | 1,000,000 < Position ≤ 1,500,000 | 50.00% |
Please Note:
- Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
- In order to protect our customers and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures towards ANCBUSD and AUCTIONBUSD Perpetual Contracts without further announcement, including but not limited to adjusting the margin tiers including maximum leverage value, position value, and maintenance margin in each tier, updating the funding rates including the interest rate, premium and capped funding rate, changing the constituents of the price index and using the Last Price Protected mechanism to update the Mark Price.
For more information:
- Delisting of Futures Contracts
- Trading Rules of USDⓈ-M Futures Contracts
- Leverage and Margin of USDⓈ-M Futures Contracts
- Price Index
Thanks for your support!
Binance Team
2022-12-13
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