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CAKE is listed on Binance Futures! Binance initiates CAKE Continuous Contract in USD as of 12:45 (UTC) on 02.11.2023, offering leverage up to 50x. Additionally here are the basic information about CAKEUSDT Continuous Contract:
- Contract Name: USDⓈ-M Perpetual
- Contract Trading Pair: CAKEUSDT
- Start Date: 2023-11-02, 12:45 (UTC)
- Maximum Leverage: 50x
- Trading Hours: 24/7
- Multi-Asset Mode: Supported
Please note that initially the maximum funding rate of CAKE Continuous Contract has been set as +2.00% / -2.00% and funding fees will be calculated every four hours. This applies to all other assets traded on this exchange.
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In response to market risk conditions, Binance reserves the right to periodically adjust features of the CAKEUSDT Continuous Contract on Binance Futures, also including funding fees, price movements, leverage limits, initial margin and maintenance margin requirements.
Multi Asset Mode provides flexibility to trade CAKE Continuous Contract with different collateral assets and can be used subject to the respective adjustments. For example, when Multi Asset Mode is enabled, you can use BTC as collateral while trading the CAKE Continuous Contract.
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