On June 5, Binance announced the addition of a new perpetual futures contract, LAUSDT, to its derivatives platform. Trading is set to begin at 09:00 UTC. Users will be able to open positions with leverage of up to 50x. The new contract will expand the range of USD-margined futures instruments available on the exchange.
Contract Details
The LAUSDT contract is based on the Lagrange (LA) token, which is already listed on Binance Alpha.
Terms:
- The trading pair will be quoted and settled in USDT stablecoin.
- The minimum price increment is set at 0.001.
- Funding fees are paid every four hours.
- At launch, the funding rate range will be between -2,00% and +2,00%.
Copy Trading and Multi-Asset Mode Support
Within the first 24 hours of launch, LAUSDT will be available for copy trading — users can mirror trades made by experienced traders. The contract also supports multi-asset mode, allowing traders to use alternative assets such as BTC as margin. Applicable haircut discounts will be applied depending on the asset type used.
The announcement also notes that Binance reserves the right to adjust contract parameters in response to market conditions. These adjustments may affect funding rates, price increments, maximum leverage, and initial and maintenance margin requirements.
Terms and Agreements
All operations involving the new derivative fall under Binance's Terms of Use and the Derivatives Service Agreement. The exchange clarified that listing a token on Binance Futures does not guarantee its listing on the spot market.
About the Lagrange Project
The LA token is tied to the Lagrange project, which is developing two core products: a decentralized ZK-proof network and a zero-knowledge-based coprocessor. More information about the project can be found via its social media channels.
Following the announcement, the price of the LA token surged by 165% over the past 24 hours, reaching $1.41.
