Binance Launches New Loanable Assets, Perpetual Contract, and More

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.

The firm also highlights the use of Multi-Assets Mode, which enables users to trade the BADGERUSDT Perpetual Contract across multiple margin assets. Nonetheless, its approach to the BADGERUSDT is dynamic, with particular applicable haircuts or contract specifications that may be subject to change based on market risk conditions. Binance’s futures product lets traders buy and sell quarterly and perpetual futures contracts.