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Binance Futures to Increase MAGICUSDT Funding Rate Settlements to Every Four Hours

Coin WorldMonday, Apr 21, 2025 12:52 pm ET

1min read

Binance Futures has announced that it will adjust the settlement frequency of the MAGICUSDT U linear perpetual contract funding rate. The change will take effect on April 22, 2025, at 00:45 (GMT+8). The funding rate settlement frequency will be modified from every eight hours to every four hours. This adjustment is aimed at enhancing the efficiency and responsiveness of the funding rate mechanism, which is crucial for maintaining the stability and fairness of the perpetual contract market.

This move by Binance Futures is significant as it reflects the platform's commitment to improving its trading infrastructure. By increasing the frequency of funding rate settlements, Binance aims to better align the perpetual contract prices with the spot market prices. This change is expected to reduce the risk of price discrepancies and provide a more accurate reflection of market conditions, benefiting both traders and the overall market stability.

The adjustment to the funding rate settlement frequency is a strategic decision by Binance Futures to adapt to the evolving needs of the market. As the cryptocurrency market continues to grow and become more complex, it is essential for trading platforms to implement measures that ensure fairness and transparency. This change is a step towards achieving that goal, as it allows for more frequent adjustments to the funding rate, which can help mitigate the impact of market volatility on traders.

Overall, the decision to adjust the MAGICUSDT U linear perpetual contract funding rate settlement frequency is a proactive measure by Binance Futures to enhance the trading experience for its users. By increasing the frequency of settlements, the platform aims to provide a more responsive and accurate funding rate mechanism, which is crucial for maintaining market stability and fairness. This change is expected to have a positive impact on the perpetual contract market, benefiting both traders and the overall market ecosystem.

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Empty_Somewhere_2135

04/21

I'm holding some $AAPL futures long-term, but might shorten my position if this change causes more volatility. Gotta stay nimble, folks.

Really_Schruted_It

Binance making moves to align spot and futures markets. Less risk, more accuracy. Traders win, market stays stable. Simple as that.

VirtualLife76

Crypto markets are always evolving. Binance adapting fast. If they keep this up, they might just set the standard for futures trading.

Traglc

Binance making moves like a boss

Gentleman1217

More frequent settlements = tighter price alignment. Less room for manipulation. Binance going all-in on transparency. Solid move for the market.

CorneredSponge

Perpetuals on Binance just got a boost.

rareinvoices

MAGICUSDT changes = more action, more reaction. Traders who can't keep up might get left behind in this faster-paced game.

Free-Initiative7508

@rareinvoices Can't agree more, bro.

sniper459

@rareinvoices Think it's wise to hedge now?

provoko

Binance doubling down on efficiency. More frequent funding rate settlements could squeeze those arbitrage opportunities. Who's adjusting their strategies?