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Binance Futures Will Convert USDⓈ-Margined PUMPUSDT Perpetual Contract Pre-Market Trading to Standard Perpetual Futures Contract (2025-07-14) This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Futures will convert PUMPUSDT perpetual contract pre-market trading to standard USDⓈ-M PUMPUSDT Perpetual Contract gradually at 2025-07-14 17:20 (UTC). The transition period may take up to 1 hour, subject to price volatility and availability of stable index price. Trading function is not affected during the transition period. Open orders and positions will not be cancelled. About Mark Price: Pre-market Standard Perpetual Transition Period Pre-market perpetual futures contracts will be converted to standard perpetual futures contracts gradually when a stable index price can be derived from the spot market(s) (as determined by Binance). The mark price will gradually converge from pre-market trading Mark Price to the standard Mark Price calculation (Mark Price = Median (Price 1, Price 2, Contract Price)) during the transition period. A ±1% of price cap will be imposed on the Mark Price where the price change is limited within ±1% range every second interval. This cap is applicable during the pre-market trading and pre-market standard perpetual transition period. Example: At 2025-07-12 18:00:00 (UTC), the mark price of USDⓈ-Margined PUMPUSDT Perpetual Contract Pre-Market is 0.005045 USDT. Based on the Mark Price methodology during the pre-market trading period, we assume the calculated mark price for the next second of the abovementioned contract should be 0.005125 USDT at 2025-07-12 18:00:01 (UTC). However, the difference of mark price between 2025-07-12 18:00:00 (UTC) and 2025-07-12 18:00:01 (UTC) has exceeded 1%. Thus the mark price at 2025-07-12 18:00:01 (UTC) will be 0.005095 USDT as the mark price is capped at ±1% cap of previous second mark price.
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