Binance has announced the launch of a perpetual USDⓈ-M contract for the Solana-based memecoin BANANA, offering up to 50x leverage. This move has led to a significant price surge of over 100% for BANANA.
Key Details:
Contract Type: Perpetual USDⓈ-M BANANA/USDT
Leverage: Up to 50x
Launch Date: August 15, 2024, at 05:00 (Kyiv time)
Funding Rate: Maximum of +2.00% / -2.00%, calculated every four hours
Trading Hours: 24/7
Multi-Asset Mode: Supported, allowing users to trade the contract with multiple margin assets
This development underscores the growing interest in Solana-based memecoins and Binance's commitment to expanding its trading options.
