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Binance Launches New Loanable Assets, Perpetual Contract, and More

Published 09/11/2023, 16:07
Updated 09/11/2023, 16:15
Binance Launches New Loanable Assets, Perpetual Contract, and More

Coin Edition -

  • Binance has recently launched new loanable assets and margin pairs.
  • Binance Futures just released its latest USDⓈ-M BADGER Perpetual Contract.
  • The BADGERUSDT project targets 50x maximum leverage for its global consumers.

Multinational cryptocurrency exchange Binance has recently added more loanable assets and margin pairs to its portfolio through its support page. Concurrently, its crypto derivatives exchange, Binance Futures, has just launched its newest USDⓈ-M BADGER Perpetual Contract.

Binance’s latest loanable and borrowable assets are GNO, AST, and ORDI in Cross Margin and Isolated Margin. The pairs of the former trading feature include GNO/USDT, AST/USDT, RAY/USDT, and SCRT/USDT. Meanwhile, the latter pairs are BADGER/USDT, MOVR/USDT, RAY/USDT, ORDI/USDT, and SCRT/USDT.

According to the Binance support page, an Isolated Margin lets users allocate a portion of their funds in a single position to cap risks. Alternatively, a Cross Margin uses all the funds in a margin account as collateral. The bottom line for both depends on a trader’s risk tolerance and leverage strategies.

Simultaneously, Binance Futures’ newest BADGERUSDT project comes with the potential for 50x maximum leverage. Utilizing BADGER as its underlying asset and USDT as the settlement asset, its newest perpetual futures retain a capped funding rate of +2.00% / -2.00% with a funding rate interval every four hours.

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