Binance Boosts VOXELUSDT Funding Rate Settlements To Hourly

Binance has announced a significant adjustment to the funding rate settlement frequency for its VOXELUSDT perpetual contract. Effective from April 20, 2025, at 14:00 (UTC+8), the settlement frequency will be changed from once every four hours to once every hour. This adjustment aims to enhance the efficiency and responsiveness of the funding rate mechanism, ensuring that traders can better manage their positions and mitigate risks.

The decision to increase the settlement frequency is part of Binance's ongoing efforts to improve its trading platform and provide a more dynamic and responsive trading environment. By settling the funding rate more frequently, Binance aims to reduce the potential for large price discrepancies and ensure that the perpetual contract more accurately reflects the underlying spot market.

This change is expected to benefit traders by providing more timely adjustments to the funding rate, which can help in managing leverage and reducing the risk of liquidations. Traders will now have more frequent opportunities to adjust their positions based on the updated funding rates, allowing for better risk management and potentially improving overall trading outcomes.

The adjustment to the funding rate settlement frequency is a strategic move by Binance to stay competitive in the rapidly evolving cryptocurrency market. By offering more frequent settlements, Binance is positioning itself as a platform that prioritizes trader needs and aims to provide a more efficient and responsive trading experience. This move is likely to attract more traders to the platform, further solidifying Binance's position as a leading cryptocurrency exchange.