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      Binance to launch Oura Inc. Pre-IPO perpetual contract at 16:30

      PANews, September 23 — Binance Futures will list the OURAUSDT USDT-margined Pre-IPO perpetual contract, which will open for trading at 16:30 on Binance RIE. The underlying asset is shares of Oura Inc., which plans to list on Nasdaq, with an estimated total share count of approximately 321 million shares. The contract supports up to 20x leverage, settles in USDT, and has a minimum order size of 0.01 OURA. The funding rate is fixed at 0.005% every 8 hours during the Pre-IPO trading period, after which it will be adjusted to standard contract funding rate rules. If the IPO fails to list, the relevant Pre-IPO perpetual contract will be removed; if it lists successfully, the contract will transition from a Pre-IPO perpetual contract to a standard TradFi perpetual contract as announced.


      Source: PANews
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