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News

Binance Adjusts MAGICUSDT Contract Settlement Frequency

2 mins mins
Key Points:
  • Binance adjusts MAGICUSDT contract to 4-hour settlement.
  • Stable funding rates indicate market neutrality.
  • Alameda Research transfers $18.5M USDT to Binance and Coinbase.

Binance has made a significant update to its MAGICUSDT contracts.

This change reflects Binance’s strategic adjustment to enhance trading efficiency on its platform.

Binance Revamps Settlement: MAGICUSDT Now Every 4 Hours

Binance has adjusted MAGICUSDT contract settlement to 4-hour intervals, starting April 22, 2025, affecting perpetual markets. Coinglass reported stable market funding rates hovering near the baseline, indicating neither a bullish nor bearish inclination.

Funding rates maintain balance at baseline levels, signaling neither strong bullish nor bearish pressures. This market stability coincided with Binance’s contract adjustment, potentially influencing traders’ strategies in perpetual markets like MAGICUSDT.

“Announced a change in funding rate settlement frequency for the MAGICUSDT perpetual contract, shifting from every 8 hours to every 4 hours, effective April 22, 2025.” – Source

Market Neutrality and Alameda’s $18.5M USDT Transfer

Did you know? In the past, neutral funding rates around 0.01% have often led to markets experiencing periods of reduced volatility, subsequently serving as precursors to intense price swings in the crypto landscape.

Bitcoin (BTC) price stands at $88,375.63, with a market cap of formatNumber($1,754,657,656,916.36, 2) maintaining 63.67% market dominance. Its trading volume reached formatNumber($38,293,271,238.58, 2) with a 46.90% shift. Price changes have been 0.98% over 24 hours and -16.54% in 90 days.

bitcoin-daily-chart-465
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 06:09 UTC on April 22, 2025. Source: CoinMarketCap

Expert analysis suggests that should funding rates shift significantly, it could result in changes to both trading behaviors and liquidity patterns. Such movements could also prompt regulatory discussions, as previously observed in similar market situations, according to Coincu research.

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Avatar of Mayowa Adebajo

Mayowa Adebajo

22 April 2025, 06:11:52 GMT +0000

Mayowa is a seasoned freelance writer specializing in creating compelling, high-converting content across diverse industries.

With extensive experience working with major news outlets, personal blogs, and private clients, he brings a deep understanding of audience engagement and storytelling. His expertise spans SEO optimization, persuasive copywriting, and niche versatility, ensuring content that resonates and delivers results.

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