Binance Futures is set to expand its offerings by introducing USDⓈ-margined perpetual contracts for BANUSDT and AKTUSDT, providing traders with leverage of up to 75x. The contracts will go live on November 18, 2024, at 11:30 UTC and will be available for trading 24/7.
Key Details of the New Contracts
| Contract Name | Underlying Asset | Settlement Asset | Maximum Leverage | Funding Rate Cap | Trading Hours |
|---|---|---|---|---|---|
| BANUSDT | Comedian (BAN)* | USDT | 75x | ±2.00% | 24/7 |
| AKTUSDT | Akash Network (AKT)** | USDT | 75x | ±2.00% | 24/7 |
Additional Specifications
- Tick Size:
- BANUSDT: 0.0001
- AKTUSDT: 0.001
- Funding Fee Settlement Frequency: Every four hours
- Multi-Assets Mode: Supported
Comedian (BAN) and Akash Network (AKT) perpetual contracts allow users to trade with USDT as the settlement asset, making it easier to manage collateral and execute trades efficiently.
Verified Contract Addresses
- BAN: 9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump
- AKT: ibc/1480B8FD20AD5FCAE81EA87584D269547DD4D436843C1D20F15E00EB64743EF4
Important Notes for Traders
- The maximum funding rate for these contracts will initially be capped at ±2.00%.
- Binance Futures supports a multi-assets mode, allowing users to utilize multiple cryptocurrencies as collateral for trading these contracts.
Binance Futures continues to enhance its platform by offering new trading opportunities and tools, reinforcing its position as a leading derivatives exchange for cryptocurrency enthusiasts.
