The world's largest cryptocurrency exchange Binance is listing new trading pairs for futures on 2 altcoins.
In a statement published by Binance on June 16, it announced that it will launch margin futures for Aave (AAVE) and Uniswap (UNI) with a maximum leverage of 75x using USD Coin (USDC). These assets already have futures trading with different margin levels on the exchange.
According to the announcement made by Binance, the AAVEUSDC contract will be available for trading on June 16 at 11:30 AM (UTC), while the UNIUSDC contract will be available at 11:45 AM (UTC) on the same day, with a 15-minute interval.
Binance stated that the funding rate for the AAVEUSDC trading pair may initially vary between a maximum of -0.75% and +0.75%, and for the UNIUSDC trading pair, it may vary between a maximum of -0.45% and +0.45%, with funding fees updated every eight hours.
Additionally, it was noted that users can trade these contracts using different collateral assets by utilizing the Multi-Assets Mode. For example, users can use cryptocurrencies like Bitcoin (BTC) as collateral to trade these contracts.
Binance mentioned that it may change the terms of the futures contracts, such as funding fee, price step, maximum leverage, initial margin, and maintenance margin requirements, according to market conditions.
