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Binance Futures Will Launch BUSD-Margined WAVE and LINK Perpetual Contracts with Up to 20X Leverage
Fellow Binancians, Binance Futures will launch BUSD-margined WAVE and LINK perpetual contracts with up to 20x leverage on 2022-06-29 02:45 AM (UTC) and 2022-06-30 02:45 AM (UTC) respectively. More details may be found in the table below:
| BUSD-Margined Perpetual Contracts | WAVEBUSD | LINKBUSD |
| Launch Time | 2022-06-29 02:45 (UTC) | 2022-06-30 02:45 (UTC) |
| Settlement Asset | BUSD | BUSD |
| Face Value | 1 WAVE | 1 LINK |
| Tick Size | 0.001 | 0.001 |
| Capped Funding Rate | Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio) | Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio) |
| Max Leverage | 20x | 20x |
| Trading Hours | 24/7 | 24/7 |
| Multi-Asset Mode | Supported | Supported |
Please note:
- WAVEBUSD and LINKBUSD perpetual contracts are BUSD-margined futures contracts that use BUSD as collateral. Users will be able to select between 1-20x leverage.
- Based on market risk conditions, Binance may adjust the settings of these contracts from time to time.
- The Multi-Asset Mode allows users to trade USDⓈ-M perpetual contracts across multiple margin assets. Users can use USDT as margin when trading BUSD-margined perpetual contracts.
