Binance Sets SAMSUNGUSDT Dividend Adjustment at 1,001 Won Per Share

Binance set the dividend adjustment for its SAMSUNGUSDT perpetual contract at 1,001 South Korean won per share, determining the amount credited to or deducted from traders with eligible positions. The exchange scheduled settlement to begin at 1 a.m. ET Nov. 6 (06:00 UTC), with the process expected to take about 30 minutes. Binance listed the adjustment as equivalent to -0.037336%. Eligibility is based on net positions held at 7 p.m. ET Sept. 28 (23:00 UTC), the contract's ex-dividend time. The amount will be credited to or deducted from eligible traders' Binance Futures cross-margin accounts.

Source: TokenPost