Binance Halves BANUSDT Funding Rate Settlement Frequency for Enhanced Trading Experience

Binance, one of the world's leading cryptocurrency exchanges, has announced a significant change to its funding rate settlement frequency for the BANUSDT inverse perpetual contract. Effective February 24, 2025, at 16:00 (UTC+8), the funding rate settlement frequency will be adjusted from every four hours to every two hours.

This adjustment is part of Binance's ongoing efforts to enhance the user experience and improve the overall trading environment on its platform. By halving the funding rate settlement frequency, Binance aims to provide traders with more flexibility and better risk management opportunities.

The BANUSDT inverse perpetual contract is a popular trading instrument on Binance, allowing traders to speculate on the price movements of BANUSDT without holding the underlying asset. The funding rate is a mechanism used to balance the supply and demand of perpetual contracts, ensuring fair and efficient trading.

This change in funding rate settlement frequency is expected to have a positive impact on the liquidity and trading activity of the BANUSDT inverse perpetual contract. Traders will have more frequent opportunities to adjust their positions and manage their risk, potentially leading to increased trading volumes and improved market depth.

Binance has been actively expanding its range of trading products and services, catering to the diverse needs of its global user base. This latest adjustment to the BANUSDT inverse perpetual contract is a testament to Binance's commitment to continuous improvement and innovation in the cryptocurrency trading landscape.