Binance Futures Introduces BANUSDT and AKTUSDT Contracts with 75x Leverage
Luisa Crawford Nov 18, 2024 10:06
Binance Futures will launch USDⓈ-margined BANUSDT and AKTUSDT perpetual contracts with up to 75x leverage, enhancing trading options for users, according to Binance.
In a strategic move to enhance its trading offerings, Binance Futures is set to introduce USDⓈ-margined BANUSDT and AKTUSDT perpetual contracts, providing traders with leverage options of up to 75x. This development was announced by Binance and is scheduled to go live on November 18, 2024, at 11:30 (UTC).
Details of the New Contracts
The addition of these perpetual contracts is part of Binance's ongoing efforts to expand its trading options and improve the user trading experience. The BANUSDT contract represents the Comedian (BAN) token, while the AKTUSDT contract is linked to the Akash Network (AKT) token. Both contracts have been verified with their respective contract addresses provided by Binance.
Leverage and Funding Rates
Traders will benefit from a maximum leverage of 75x, allowing for significant exposure with relatively small capital. The maximum funding rate at launch is set at +2.00% / -2.00%, with funding fees settled every four hours. Binance has also indicated that it may adjust the contract specifications based on market conditions, affecting the funding fee, tick size, maximum leverage, and margin requirements.
Multi-Assets Mode and Risk Management
Binance offers a Multi-Assets Mode, enabling traders to use various margin assets, such as BTC, when engaging with these perpetual contracts. This feature is subject to applicable haircuts, providing flexibility and allowing for diversified margin management. Additionally, the contracts are governed by Binance's Terms of Use and Futures Service Agreement.
For more information on this announcement, please visit the official Binance website.
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