Binance Adds Axelar (AXL) on Earn, Convert, Margin & Futures

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:

• 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:  

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.

• 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 Convert

• How to Use Short on Margin Trading

• How to Use Long on Margin Trading

• Trading Rules of USDⓈ-M Futures Contracts

• Leverage and Margin of USDⓈ-M Futures Contracts

• Binance Futures Fee Structure

• How 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