Binance Futures has announced the launch of USDⓈ-M BOND. It is tentatively scheduled to go live on October 15, 2023, at 14:30 UTC. The maximum leverage has been set at 50x. BOND will be the underlying asset, and USDT will be the settlement asset at a tick size of 0.001. The capped funding rate is -/+2.00%.
The funding fee will be settled every four hours, while the trading activity will remain accessible throughout the day and night. Binance users can avail of the Multi-Assets Mode to trade the Perpetual Contract across multiple margin assets.
Binance has clarified that the USDⓈ-M BOND perpetual contract is subject to its native terms and conditions.
It is important to note that Binance can adjust the specifications of the perpetual contract from time to time to ensure that the product matches the prevailing market conditions and risks.
The development has come at a time when Binance has completed the 25th quarterly BNB burn through the BNB Auto-Burn. It is estimated that nearly 2,139,182.98 BNB have been successfully burned. This includes 314.69 BNB that has been burned through the Pioneer Burn Program.
Also, Binance has unveiled the CR7 ForeverZone NFT collection, the third collection in the set. This cemented the legacy of innovation and community engagement in association with Cristiano Ronaldo. Launching the NFT collection is a way for Binance to bring together a group of fans of the footballer to avail of exclusive benefits. Lucky winners stand a chance to win a trip to train with Cristiano Ronaldo.
Binance Futures is scheduled to launch the USDⓈ-M BOND Perpetual Contract on October 16, 2023, at 14:30 UTC. It will be launched with a maximum leverage of 50x and 24/7 trading hours, along with support for Multi-Assets Mode.