The BNB/USDT trading pair is now officially supported for leverage trading, savings products, and perpetual contracts on our platform. This expansion provides users with more versatile tools to engage with the BNB market using advanced financial strategies.
Key Features Now Available for BNB
Users can now access three major products for the BNB/USDT trading pair:
- Leverage Trading
- Savings Products (Earn Interest)
- Perpetual Contracts
These services are accessible across all interfaces: web, mobile app, and API.
In-Depth: BNB Perpetual Contract Specifications
The newly launched BNBUSDT Perpetual Contract allows traders to speculate on the future price of BNB without an expiration date.
Core Contract Details
| Contract Element | Specification |
|---|---|
| Underlying Asset | BNB/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 0.01 BNB |
| Price Quotation | USDT price for 1 BNB |
| Minimum Price Movement | 0.01 |
| Leverage | 0.01x — 75x |
| Funding Rate Calculation | Clamp(MA((Midpoint - Spot Index) / Spot Index - Interest), -0.75%, 0.75%); Interest = 0 |
| Trading Hours | 24/7 |
Important Initial Launch Note
To ensure fair and stable conditions during the initial launch phase and prevent unusual funding rate volatility, a temporary cap adjustment was implemented. For more detailed strategies on navigating these market conditions, explore advanced trading techniques here.
Getting Started with BNB Trading Products
Engaging with these new products is straightforward. Whether you're looking to amplify your trades with leverage, earn passive income on your holdings, or hedge your portfolio with perpetual contracts, the process begins by funding your account with BNB or USDT.
It's crucial to understand the risks involved, especially with leveraged products. Always ensure you are familiar with the mechanics of margin trading and contract specifications before committing capital.
Frequently Asked Questions
What is a perpetual contract?
A perpetual contract is a derivative product that allows you to speculate on an asset's price direction without an expiry date. It is similar to a traditional futures contract but uses a funding rate mechanism to tether its price close to the underlying spot asset.
How does the funding rate work?
The funding rate is a periodic fee paid between long and short traders. When the rate is positive, long positions pay shorts, encouraging more selling to bring the contract price down. When negative, shorts pay longs, encouraging buying. This mechanism helps keep the perpetual contract price aligned with the spot market.
What is the minimum investment for the BNB perpetual contract?
The contract face value is 0.01 BNB. The total value of your position will depend on the entry price and the amount of leverage you use.
Can I use leverage with the savings product?
No, the savings product (Earn) is designed for earning interest on assets you deposit. It does not involve leverage, which is only available in the margin trading and perpetual contracts sections.
Are these products available in all regions?
Availability is subject to local laws and regulations. Users should check their respective jurisdiction's rules regarding cryptocurrency trading and derivatives to ensure compliance.
How can I manage risk when using high leverage?
Employ robust risk management strategies. This includes using stop-loss orders to limit potential losses, avoiding over-leveraging your account, and never investing more than you can afford to lose. 👉 Learn more about effective risk management tools.