Binance Revamps MAGICUSDT Settlement: 4-Hour Intervals for Enhanced Trading Efficiency

Binance has made a significant change to its MAGICUSDT contracts by adjusting the settlement frequency from every 8 hours to every 4 hours, starting April 22, 2025. This update aims to enhance trading efficiency on the platform. The move comes amidst stable funding rates hovering near baseline levels, suggesting neither bullish nor bearish pressure on the market. Binance’s change coincides with this neutral market condition, potentially impacting traders in perpetual markets like MAGICUSDT.