Dear Users,
CoinW Futures will adjust the funding rate settlement frequency for the MAGIC/USDT USDT-margined perpetual contract, effective at 00:00 (UTC+8) on June 18, 2025. The funding rate settlement interval will be changed from every 8 hours to every 4 hour. Details are as follows:
Note:
To ensure market stability and protect user interests during extremely volatile conditions, CoinW reserves the right to implement additional protective measures for MAGIC/USDT USDT-margined perpetual contract without further announcement. These measures may include but are not limited to:
- Adjusting leverage and margin requirements (including maximum leverage per tier, position limits, and maintenance margin ratios).
- Modifying funding rate (including base interest rate, premium index, and fee caps).
- Revising the price index composition or activating the Last Price Protected mechanism to update the Mark Price.
We appreciate your continued support for CoinW Futures!
CoinW Futures Team
Dear Users,
CoinW Futures will adjust the funding rate settlement frequency for the MAGIC/USDT USDT-margined perpetual contract, effective at 00:00 (UTC+8) on June 18, 2025. The funding rate settlement interval will be changed from every 8 hours to every 4 hour. Details are as follows:
Note:
To ensure market stability and protect user interests during extremely volatile conditions, CoinW reserves the right to implement additional protective measures for MAGIC/USDT USDT-margined perpetual contract without further announcement. These measures may include but are not limited to:
- Adjusting leverage and margin requirements (including maximum leverage per tier, position limits, and maintenance margin ratios).
- Modifying funding rate (including base interest rate, premium index, and fee caps).
- Revising the price index composition or activating the Last Price Protected mechanism to update the Mark Price.
We appreciate your continued support for CoinW Futures!
CoinW Futures Team