This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce that Initia (INIT) will be added to Binance Simple Earn, "Buy Crypto", Binance Convert, Binance Margin, and Binance Futures at the respective dates and timings listed below.
INIT Flexible Products will be listed on Binance Simple Earn at 2025-04-24 11:00 (UTC) and will be available for subscription.
Users can buy INIT with VISA, MasterCard, Google Pay, Apple Pay, Revolut or buy and sell INIT with their account balances on the “Buy Crypto” page, available within one hour of INIT being listed on Binance Spot.
Users will be able to start trading INIT against BTC, USDT, and any other tokens on Binance Convert at zero fees within one hour of INIT being listed on Binance Spot.
Binance Margin will add INIT as a new borrowable asset on Cross and Isolated Margin, as well as the INIT/USDT and INIT/USDC pairs on Cross and Isolated Margin at 2025-04-24 11:20 (UTC).
Notes:
Please note that newly listed tokens tend to be volatile; users are encouraged to adopt stringent risk management strategies when trading such tokens.
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Binance Futures will convert the USDⓈ-M INIT Perpetual Contract pre-market trading to standard USDⓈ-M INIT Perpetual Contract at 2025-04-24 11:00 (UTC). The transition period may take up to 1 hour. INITUSDT perpetual trading and existing positions will not be affected during the transition period.
More details on the USDⓈ-M INIT Perpetual Contract can be found in the table below:
Please Note:
Pre-market Standard Perpetual Transition Period: Pre-market perpetual futures contracts will be converted to standard perpetual futures contracts when a stable index price can be derived from the spot market (as determined by Binance). The mark price will gradually converge from pre-market trading Mark Price to the standard Mark Price during the transition period, calculation as below:
Mark Price = Median (Price 1, Price 2, Contract Price)
Trading function is not affected during the transition period. Open orders and positions will not be cancelled.
Mark Price After the Pre-Market Trading Ends: When a pre-market perpetual futures contract ends, the Mark Price will be calculated using the following formula:
Mark Price = Median (Price 1, Price 2, Contract Price)
The maximum funding rate of the INITUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%.
The funding fee settlement frequency is every four hours.
The aforementioned perpetual contract will be made available for Futures Copy Trading within 24 hours of launch. For more information on available Futures Copy Trading contracts, please refer to this FAQ.
Based on market risk conditions, Binance may adjust the specifications of the INITUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Assets Mode allows users to trade the INITUSDT 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 INITUSDT Perpetual Contract.
The INITUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Note: 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.
Thank you for your support!
Binance Team
2025-04-24
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected].
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
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Binance 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 here.
Digital asset prices are subject to high market risk and price volatility. 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. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
