Binance Lists BANANA/USDT Perpetual Futures at 06:00 AM (UTC) on August 15th
CryptoNewsTerminal Staff14 Aug, 2024
Binance Lists BANANA/USDT Perpetual Futures at 06:00 AM (UTC) on August 15th
Binance, the world's leading cryptocurrency exchange, has announced that it will list BANANA/USDT perpetual futures at 06:00 AM (UTC) on 2022-08-15. Perpetual futures are a type of derivative that allows traders to speculate on the future price of an asset without having to take delivery of the underlying asset. They are similar to traditional futures contracts, but they do not have a fixed expiry date. This means that traders can hold positions for as long as they like. The maximum leverage offered for BANANA/USDT perpetual futures will be 50x. This means that traders can trade with up to 50 times their initial margin. The listing of BANANA/USDT perpetual futures is a sign of Binance's commitment to providing its users with access to a wide range of trading products. Binance is the first major exchange to list BANANA/USDT perpetual futures, and this listing is expected to attract a lot of interest from traders.
