Dear Toobiters，
We are excited to announce that Toobit will list the C and VELVET Perpetual Contracts on 2025-07-15 (UTC). Trading will go live with up to 50x leverage.
For more details on the C and VELVET Perpetual Contracts, please refer to the table below:
| USDⓈ-M Perpetual Contract | CUSDT | VELVETUSDT |
| Underlying Asset | C | VELVET |
| Settlement Asset | USDT | USDT |
| Tick Size | 0.00001 | 0.00001 |
| Capped Funding Rate | 2.0000% / -2.0000% | 2.0000% / -2.0000% |
| Funding Fee Settlement Frequency | every 4 hours | every 4 hours |
| Maximum Leverage | 50x | 50x |
Please note:
- The C Perpetual Contract will launch with a maximum funding rate of +2.0% and a minimum funding rate of -2.0%.
- The VELVET Perpetual Contract will launch with a maximum funding rate of +2.0%% and a minimum funding rate of -2.0%.
From time to time, we may adjust the parameters of each Perpetual Contract to respond to market changes. These include, but are not limited to, minimum price change, maximum leverage, initial margin, and maintenance margin.
Thank you for your continued support.
Toobit Team
2025-07-15
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Toobit reserves the right to modify or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: The prices of digital assets may fluctuate significantly. The value of your investment may increase or decrease, and you may even lose the entire amount invested. You are solely responsible for your investment decisions, and Toobit is not liable for any losses that may occur due to the use of margin trading. This information should not be considered financial or investment advice. Please refer to our Terms of Use and Risk Disclosure for more details.