Binance Futures Will Launch USDⓈ-M BANANA Perpetual Contract With Up to 50x Leverage

Fellow Binancians,

To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the USDⓈ-M BANANA Perpetual Contract at 2024-08-15 02:00 (UTC),with up to 50x leverage. 

More details on the USDⓈ-M BANANA Perpetual Contract can be found in the table below:  

Please Note: 

• The maximum funding rate of the BANANAUSDT Perpetual Contract at the time of launch is 2.00% / -2.00%.

• The funding fee settlement frequency is every four hours.

• Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract(s) from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

• Multi-Assets Mode allows users to trade the aforementioned Futures contract(s) across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the BANANAUSDT Perpetual Contract. 

• The BANANAUSDT Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.

• There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Further Information:

• Trading Rules of USDⓈ-M Futures Contracts

• Leverage and Margin of USDⓈ-M Futures Contracts

• Binance Futures Fee Structure

• How to Select Trading Pairs

• Funding Rate History

• Mark Price and Price Index

• Multi-Assets Mode

Thank you for your support!

Binance Team

2024-08-14