Binance Futures announced updates to the BANUSDT U-margin perpetual contracts, effective January 25, 2025. The changes include adjustments to leverage and margin levels, impacting existing positions. Users are advised to review the new levels to prevent forced liquidation. Additionally, the funding rate settlement frequency will change from every four hours to every two hours, starting January 26, 2025.

PANews reported on January 25 that according to the official announcement, Binance Futures will update the leverage and margin levels of BANUSDT U-margin perpetual contracts at 23:30 (Eastern Time Zone 8) on January 25, 2025. Users' existing positions before the update will be affected. Users are requested to refer to the updated leverage and margin levels to avoid forced liquidation.
 Binance Futures will adjust the funding rate settlement frequency of BANUSDT U-margined Perpetual Contracts at 00:00 (ET) on January 26, 2025. The funding rate settlement frequency will be adjusted from once every four hours to once every two hours.

Binance Futures to Update BANUSDT U-Margin Perpetual Contracts on January 25, 2025