In a strategic move to take advantage of dynamic crypto market conditions, Binance Futures announced the launch of a new USDⓈ-M HIFI perpetual contract and adjustments to the existing USDⓈ-M TRBUSDT perpetual contract. Here are the details…
HIFI contract announced
Binance Futures is preparing to launch the highly anticipated USDⓈ-M HIFI perpetual futures contract on September 16, 2023 at 17:30 EST. This contract will offer investors up to 20x leverage, providing ample opportunities for both experienced and novice investors to explore the HIFI market. Investors should be aware that Binance may adjust contract features based on market risk conditions. These adjustments may include tick size, maximum leverage, initial margin, and maintenance margin requirements. Additionally, Multi-Asset Mode allows users to use a variety of margin assets, subject to applicable cutoffs, when trading the HIFIUSDT Perpetual Contract.
Updates have been made to the TRBUSDT contract
In response to the ever-changing crypto landscape, Binance Futures is making changes to the USDⓈ-M TRBUSDT perpetual futures contract, effective September 16, 2023 at 09:00 UTC. It is very important for investors with existing positions to take these adjustments into account to avoid possible liquidations. The main changes in the TRBUSDT perpetual futures contract and collateral tiers are as follows:
– Previous leverage and collateral levels:
- 9 – 10x: 0 < Position ≤ 25,000, Maintenance Margin Rate: 2.50%
- 6 – 8x: 25,000 < Position ≤ 100,000, Maintenance Margin Rate: 5.00%
- 3 – 5x: 100,000 < Position ≤ 250,000, Maintenance Margin Rate: 10.00%
- 2x: 250,000 < Position ≤ 1,000,000, Maintenance Margin Rate: 12.50%
- 1x: 1,000,000 < Position ≤ 1,200,000, Maintenance Margin Rate: 50.00%
– New leverage and margin levels:
- 9 – 10x: 0 < Position ≤ 25,000, Maintenance Margin Ratio: 3.00%
- 6 – 8x: 25,000 < Position ≤ 100,000, Maintenance Margin Rate: 5.00%
- 3 – 5x: 100,000 < Position ≤ 250,000, Maintenance Margin Rate: 10.00%
- 2x: 250,000 < Position ≤ 1,000,000, Maintenance Margin Rate: 12.50%
- 1x: 1,000,000 < Position ≤ 1,200,000, Maintenance Margin Rate: 50.00%
Market movements: Binance announcement affects coin prices
Significant price movements were seen in the crypto market on September 16, 2023. HIFI rose impressively to $1.98 before pulling back slightly and is currently trading at $1.87. This marked a significant 24-hour increase of 57.87%, underlining the coin’s volatility and potential for investors. Similarly, Tellor (TRB) staged its own price rally on the same day, briefly rising above $44 and currently trading at $43.64, representing a 24-hour increase of 17.57%.
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