Binance Futures is set to launch the USDⓈ-M BANANA Perpetual Contract on August 15, 2024, at 02:00 (UTC), offering up to 50x leverage. This new addition aims to expand the trading options on Binance Futures, providing users with more opportunities to engage in the market.
Contract Details:
Contract Pair: BANANAUSDT
Underlying Asset: Banana Gun (BANANA)
Settlement Asset: USDT
Tick Size: 0.001
Capped Funding Rate: +2.00% / -2.00%
Funding Fee Settlement Frequency: Every four hours
Maximum Leverage: 50x
Trading Hours: 24/7
Multi-Assets Mode: Supported, allowing users to trade across multiple margin assets (e.g., using BTC as margin for the BANANAUSDT Perpetual Contract).
Important Notes:
Funding Rate: The maximum funding rate at launch is set at +2.00% / -2.00%, with settlements occurring every four hours.
Specifications Adjustments: Binance may adjust the contract specifications, including funding fees, tick size, maximum leverage, and margin requirements based on market risk conditions.
Multi-Assets Mode: This feature allows users to use various margin assets when trading the BANANAUSDT Perpetual Contract, offering greater flexibility in managing trades.
The BANANAUSDT Perpetual Contract is governed by Binance's Terms of Use and the Binance Futures Service Agreement. For the most accurate and up-to-date information, please refer to the original English version of the announcement.
