Binance Launches BABYUSDT Perpetual Contract
- Binance announced the addition of the BABYUSDT perpetual contract to its Futures division.
- Trading for this contract began on April 5 at 13:30 UTC with up to 5x leverage available.
- The capped funding rate for the BABYUSDT project is set at +2.00% / -2.00%.
- The ‘Mark Price’ methodology will be applied during the pre-market futures trading period.
- Babylon allows users to stake Bitcoin in exchange for earning rewards.
Binance has expanded its trading offerings by introducing a BABYUSDT perpetual contract, allowing users to trade with up to 5x leverage and employing a strategic ‘Mark Price’ methodology during pre-market trading. The move aims to enhance market support for Babylon, a Bitcoin staking protocol.
Source (2.6)https://coingape.com/binance-unveils-major-backing-for-bitcoin-staking-protocol-babylon-heres-all/?rand=24432
