Summary
- Binance said it will officially list Brevis (BREV)'s perpetual futures.
- The BREVUSDT perpetual futures will have up to 5x leverage, USDT settlement, and a 4-hour funding fee settlement cycle.
- Binance said the futures listing of Brevis is separate from support on Simple Earn, Convert, and Margin services and does not guarantee a spot listing.
Global crypto exchange Binance will officially list Brevis(Brevis·BREV) perpetual futures.
According to a Binance notice on the 6th, the USDⓈ-M BREVUSDT perpetual futures contract listed in the pre-market will be converted to a perpetual futures contract from 2:00 p.m. that day (UTC·Korea time 11:00 p.m.). The conversion process may take up to 3 hours depending on market volatility and index price formation, and during this period existing positions and trades are not affected.
The settlement asset for the BREVUSDT perpetual futures is USDT, and the maximum leverage is set at 5x. The funding fee settlement cycle is 4 hours, and multi-asset mode is also supported.
Meanwhile, Binance said it will also add Brevis (BREV) to some services such as Simple Earn, Convert, and Margin at the same time. However, it added that futures listings are not linked to spot or other service support, and a futures listing does not guarantee a spot listing.
