Binance Futures is set to launch a new USDⓈ-Margined CHESS Perpetual Contract on August 29, 2024, at 07:30 UTC, offering up to 75x leverage. This addition aims to enhance the trading options and experience for users on Binance Futures. The contract will be based on the Tranchess (CHESS) token, with USDT as the settlement asset. Key features include a tick size of 0.0001, a capped funding rate of +2.00% / -2.00%, and a funding fee settlement frequency every four hours. The contract supports 24/7 trading and Multi-Assets Mode, allowing the use of multiple margin assets like BTC. Binance may adjust contract specifications based on market conditions.

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This is a general announcement. Products and services referred to here may not be available in your region.Fellow Binancians,To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch thePerpetual Contract at2024-08-29 07:30 (UTC)with up to 75x leverage.More details on the aforementioned perpetual contract can be found in the table below:USDⓈ-M Perpetual ContractCHESSUSDTLaunch Time2024-08-29 07:30 (UTC)Underlying AssetTranchess (CHESS)Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage75xTrading Hours24/7Multi-Assets ModeSupportedPlease Note:The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00% / -2.00%.The funding fee settlement frequency isevery four hours.TimeMax Funding Rate2024-08-29 08:00 (UTC)+2.00% / -2.00%2024-08-29 12:00 (UTC)+2.00% / -2.00%2024-08-29 16:00 (UTC)+2.00% / -2.00%2024-08-29 20:00 (UTC)+2.00% / -2.00%……Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.allows users to trade the aforementioned CHESSUSDT 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 aforementioned perpetual contract.The aforementioned perpetual contract is subject to theand the.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:Thank you for your support!Binance Team2024-08-29Find us onBinance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click.Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our. For more information, see ourand.

Binance Futures to Launch CHESS Perpetual Contract with 75x Leverage