This is a general announcement and marketing message. The products and services mentioned herein may not be available in your area.
Dear Binance community members!
Binance announces that Vana (VANA) will be added to Binance Simple Earn, Cryptocurrency Purchase, Binance Convert, Binance Margin, Binance Auto Investing, and Binance Futures on the respective dates listed below.
Earn
Perpetual products with VANA were posted on Binance Simple Earn on 12/16/2024 at 1:30 PM (Kyiv time) and are available for subscription.
Starting December 18, 2024, 12:00 (Kyiv time), users will be able to purchase VANA using any of the supported payment options on the Binance Auto Investing page.
Buying and selling cryptocurrency
Users will be able to purchase VANA using VISA, MasterCard, Google Pay, Apple Pay, and buy and sell VANA using their wallet balances on the "Buy Cryptocurrency" page within an hour of adding VANA to Binance Spot.
Conversion
Users will be able to start trading VANA with BTC, USDT, and other tokens on Binance Convert without fees within an hour of adding VANA to Binance Spot.
Margin
Binance Margin will add VANA as a new cross-margin and isolated margin lending asset, as well as the VANA/USDT trading pair for cross-margin and isolated margin on 12/16/2024 at 4:00 PM (Kyiv time).
Binance VIP Levels 7 – 9 users will be able to borrow the above assets on cross margin approximately 30 minutes before they open for margin trading.
Note:
Interest is accrued on these loans even if margin trading of these tokens has not yet commenced. Please note that newly added tokens may be volatile; users are advised to apply strict risk management strategies when trading such tokens.
Please see Margin Data for a list of the latest margin assets and additional information on specific limits, collateral ratios, and rates.
Futures
Binance Futures will launch USDⓈ-M VANA perpetual contract on 12/16/2024 at 3:30 PM (Kyiv time) with leverage up to 75x.
More detailed information about the USDⓈ-M VANA perpetual contract can be found in the table below:
Please note:
The maximum funding rate for a VANAUSDT perpetual contract at launch is +2.00% / -2.00%.
The frequency of financing commission calculations is every four hours.
Depending on market risk conditions, Binance may adjust the characteristics of the VANAUSDT perpetual contract from time to time, including funding fees, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-asset mode allows users to trade the VANAUSDT perpetual contract with multiple margin assets that are subject to the corresponding discounts. For example, when multi-asset mode is enabled, users can use BTC as margin to trade the VANAUSDT perpetual contract.
The VANAUSDT perpetual contract is governed by the Binance Terms of Service and the Binance Futures Service Agreement.
Guides and related materials:
Note: There may be discrepancies in the translation of this original English article. Please refer to the original English version for the most accurate information if such discrepancies occur.
Thank you for your support!
Team Binance
16.12.2024
Note: This announcement was amended on 12/16/2024 to clarify that the tick size for VANAUSDT has been updated to 0.001.
