The True Identity of "ALL Coin": Binance ALL Composite Index
In the cryptocurrency market, when "ALL coin" is mentioned, it does not refer to a specific cryptocurrency token, but rather primarily points to the Binance ALL Composite Index and its associated perpetual contracts. This is a cryptocurrency price index launched by Binance, a leading global cryptocurrency exchange, designed to comprehensively reflect the overall market performance of all altcoin perpetual contracts quoted in USDT on its platform.
The index is designed to exclude Bitcoin (BTC), Ethereum (ETH), various stablecoin trading pairs, coin-margined contracts, and delivery contracts, focusing instead on capturing the dynamics of the broader altcoin market. Its core purpose is to provide investors with a tool to hedge risks, observe overall capital flows in the altcoin market, or serve as a strategic tool for "one-click betting on the entire market trend."
Composition and Mechanism of the Binance ALL Composite Index
- Index Composition: The Binance ALL Composite Index uses an equal-weighted method. This means that each constituent token holds the same weight in the index, regardless of its market capitalization, ensuring a fair reflection of all included altcoins.
- Rebalancing Mechanism: To maintain the timeliness and accuracy of the index, the Binance ALL Composite Index is rebalanced daily.
- Launch Date: The Binance ALL Composite Index USDⓈ-M Perpetual Contract (ALLUSDT) officially launched for trading on August 6, 2025.
- Risk Control: Considering that significant fluctuations in small-cap tokens can have a large impact on the index, the index has a δ = 0.95 limit on constituent price changes. This means that in the new index weight adjustment, 95% of the weight comes from the previous period, while 5% reflects current market performance changes, thereby reducing the risk of short-term drastic market shocks.
Trading Characteristics of ALLUSDT Perpetual Contracts
As the trading vehicle for the Binance ALL Composite Index, ALLUSDT perpetual contracts possess a series of derivative trading characteristics:
- Leverage: The contract offers up to 75x leverage, allowing traders to control larger positions with a smaller principal.
- Minimum Order Quantity: The minimum order quantity for the contract is 10 ALL.
- Minimum Price Tick: The minimum price tick is 0.001.
- Funding Rate: The funding rate is calculated every eight hours, with upper and lower limits set at ±3%.
- Multi-Asset Mode: The contract supports multi-asset mode, for example, users can use other crypto assets like BTC as margin, which will be converted based on their value.
- Copy Trading: After the contract launched, the Binance platform enabled copy trading functionality within 24 hours, making it convenient for users to follow the strategies of professional traders.
Where to Trade ALL Coin (Index Contract)?
Since "ALL coin" specifically refers to the Binance ALL Composite Index, its associated perpetual contract (ALLUSDT) is primarily traded on the Binance Futures platform.
It is important to emphasize that, according to public information, there is currently no independent cryptocurrency token named "ALL coin" found to be spot traded on other major cryptocurrency exchanges (such as Coinbase, Kraken, OKX, etc.). Therefore, if users wish to participate in trading related to the Binance ALL Composite Index, they should go to the Binance Futures platform to find the ALLUSDT perpetual contract.
