Binance Futures to adjust KORUUSDT perpetual contract value by factor of 20 on July 15, 2026

The U-margined KORUUSDT perpetual contract will be updated from 08:15 to 21:30 Beijing time after a 1-for-20 stock split in the underlying asset, followed by a cancel-only phase of up to five minutes.

USDT

44d ago

Fact Check

Binance's official support announcement and official Binance Square post both confirm a factor-of-20 adjustment to the KORUUSDT perpetual contract on 2026-07-15, with a cancel-only phase of up to 5 minutes, matching the claim. Direxion's press release independently confirms the underlying 20-for-1 forward split of the KORU ETF effective July 14-15, 2026. The claim's time window (08:15-21:30 Beijing / UTC+8) equals 00:15-13:30 UTC as stated in the announcements. The only imprecision is describing the event as a '1-for-20 stock split' when it is a 20-for-1 forward split; however, the resulting adjustment factor of 20 and all other material facts are accurate.

Summary

Binance Futures said it will adjust the KORUUSDT U-margined perpetual contract on July 15, 2026, applying an adjustment factor of 20 after the underlying asset undergoes a 1-for-20 stock split distributed as a dividend for issued shares. The process is scheduled to begin at 08:15 Beijing time and is expected to finish by 21:30. During the adjustment, trading, positions, funding rate, and mark price services for the contract will be suspended. After completion, the contract will enter a cancel-only phase for up to five minutes, during which users can cancel orders but cannot place new ones.

Terms & Concepts

perpetual contract: A futures-like derivative without an expiry date.
U-margined: A contract margined and settled in USDT.
cancel-only phase: A trading mode allowing users to cancel orders but not place new ones.