This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Futures will make adjustments to the leverage and margin tiers of the USDⓈ-M REEFUSDT Perpetual Contract on 2024-10-16 at 06:30 (UTC).

Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation. 

New Leverage & Margin Tiers:

• USDⓈ-M REEFUSDT Perpetual Contract

In addition, Binance Futures will increase the funding rate settlement frequency of the USDⓈ-M REEFUSDT Perpetual Contract from every eight hours to every four hours starting from 2024-10-16 at 06:30 (UTC). The detailed arrangement is as follows:

Notes:

• In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the USDⓈ-M REEFUSDT Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as 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.

• There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

For more information:

• Liquidation Protocols

• Leverage and Margin of USDⓈ-M Futures Contracts

• Introduction to Binance Futures Funding Rates

Thank you for your support!

Binance Team

2024-10-16