Binance Futures will list TON on March 1, 2024 at 15:30 with up to 50x leverage.
This latest addition to Binance’s futures platform aims to meet the diverse needs of investors and offer them greater flexibility and opportunities in the crypto derivatives market.
The TONUSDT Perpetual Contract in USDⓈ will have a maximum funding rate of +2.00% / -2.00% at launch. In addition, the funding fee payment frequency will be scheduled every four hours, ensuring transparency and efficiency in trading transactions.
Qualified liquidity providers trading USDⓈ margin futures will benefit from a 0.005% maker fee discount for trades executed on the TONUSDT Standing Contract for a period of approximately 14 to 15 days.
Interested parties are advised to refer to the official announcement for comprehensive details on eligibility criteria and discount conditions.
Binance reserves the right to adjust the features of the TONUSDT Perpetual Contract based on prevailing market conditions, underscoring its commitment to adaptability and risk management.
Possible changes may include parameters such as funding fee, tick size, maximum leverage, initial margin and maintenance margin requirements.
*This is not investment advice.