Fellow Binancians,
Binance is excited to announce that Axelar (AXL) has been added to Binance Simple Earn and Binance Convert. In addition, Binance will add AXL on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-03-01 15:00 (UTC), 2024-03-01 15:30 (UTC) and 2024-03-05 00:00 (UTC) respectively.
Earn
Users can now subscribe to AXL Flexible Products and Locked Products on Binance Simple Earn. Details on AXL Locked Products subscriptions are as per the table below:
Digital AssetDurationStandard APRMin. Subscription Limit per UserMax. Subscription Limit per UserAXL30 days6.5%0.1 AXL200,000 AXL60 days8.9%0.1 AXL100,000 AXL120 days11.9%0.1 AXL1,000 AXL
From 2024-03-05 at 00:00 (UTC), users may purchase AXL using any of the payment options supported on Binance Auto-Invest.
Convert
Users can now trade AXL against BTC, USDT and any other tokens supported by Binance Convert at zero fees.
Margin
Binance Margin will add AXL as a new borrowable asset on Cross and Isolated Margin, as well as the AXL/USDT pair on Cross and Isolated Margin at 2024-03-01 15:00 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Futures
Binance Futures will launch the USDⓈ-M AXL Perpetual Contract at 2024-03-01 15:30 (UTC), with up to 50x leverage.
More details on the USDⓈ-M AXL Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual Contract AXLUSDTLaunch Time 2024-03-01 15:30 (UTC) Underlying AssetAxelar (AXL)Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage50xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the AXLUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-03-01 16:00 (UTC)+2.00% / -2.00%2024-03-01 20:00 (UTC)+2.00% / -2.00%2024-03-02 00:00 (UTC)+2.00% / -2.00%2024-03-02 04:00 (UTC)+2.00% / -2.00%……
Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the AXLUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.Based on market risk conditions, Binance may adjust the specifications of the AXLUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the AXLUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the AXLUSDT Perpetual Contract. The AXLUSDT Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureHow to Use Auto-Invest
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-03-01