Binance Futures Introduces USDⓈ-M BANANA Perpetual Contract with 50x Leverage
Binance Futures, a prominent platform for cryptocurrency derivatives, has unveiled the USDⓈ-M BANANA Perpetual Contract. This new offering provides traders with the opportunity to leverage their trades up to 50 times. The contract is scheduled to launch on August 15, 2024, at 02:00 UTC, as per the official announcement from Binance.
Contract Specifications
- The USDⓈ-M BANANA Perpetual Contract enables users to engage in trading with a maximum leverage of 50x, expanding the range of trading choices on Binance Futures.
- At its launch, the maximum funding rate for the BANANAUSDT Perpetual Contract will be capped at +2.00% / -2.00%, with funding fee settlements taking place every four hours.
- Binance has mentioned that certain contract specifications, including funding fees, tick sizes, maximum leverage, initial margin, and maintenance margin requirements, might be adjusted based on market risk conditions.
Multi-Assets Mode
- Traders will have access to the Multi-Assets Mode, which permits the utilization of various cryptocurrencies as margin assets.
- For instance, traders can utilize Bitcoin (BTC) as margin collateral when trading the BANANAUSDT Perpetual Contract, offering enhanced flexibility and risk management capabilities.
Terms and Conditions
- The BANANAUSDT Perpetual Contract will adhere to the Terms of Use and the Binance Futures Service Agreement.
- Users are encouraged to carefully review these documents to familiarize themselves with the regulations and requirements governing their trades.
Market Impact
- The introduction of the USDⓈ-M BANANA Perpetual Contract forms part of Binance Futures’ continual efforts to diversify its product range and enhance the trading experience for its clientele.
- By offering high leverage options and adaptable margin requirements, Binance seeks to appeal to both individual and institutional traders seeking sophisticated trading instruments.
Hot Take: Embrace New Possibilities with Binance Futures
Exciting opportunities await with the introduction of the USDⓈ-M BANANA Perpetual Contract on Binance Futures. Seize the chance to leverage your trades and explore a variety of assets to enhance your trading experience. Stay ahead of the curve and make the most of this innovative offering from Binance Futures!
By
By
By