Key Points
- Binance Futures will launch the BMTUSDT and MUBARAKUSDT Perpetual Contracts with up to 25x leverage.
- Both coins are trading in the green, despite a short-lived price drop.
Binance Futures announced the launch of two futures contracts today: Mubarak (MUBARAK) and Bubblemaps (BMT), triggering volatility for the digital assets.
MUBARAK is a memecoin on BNB Chain launched recently, and BMT is the digital asset of Bubblemaps a security platform with on-chain investigations.
Binance Futures continues to launch more futures contracts to expand users’ trading choices and the overall experience on the platform.
Binance Futures Listing Announcement
In the official announcement, Binance said that it would list the two new futures contracts with up to 25x leverage later today, as follows:
- The BMTUSDT Perpetual Contract will launch at 13:30 (UTC).
- The MUBARAK Perpetual Contract will launch at 13:45 (UTC).
The exchange also said that these two tokens are already listed on Binance Alpha – the platform through which the crypto exchange showcases projects with high growing potential in Web3.
📌 Trade MUBARAK and BMT on Binance Alpha – Get Started Now
Following today’s futures listing announcement, both tokens experienced price volatility.
BMT and MUBARAK Prices Trajectory
BMT Price Today
Today, BMT recorded a notable price surge of over 33% in a short amount of time. BMT’s market cap surged from over $24 million, topping $37 million earlier.
Following Binance’s announcement, the coin recorded a drop of 4% and it’s now trading at almost $0.13, with a market cap of over $33.7 million.
Despite the recent volatility, BMT is still up by over 40% in the past 24 hours.
MUBARAK Price Today
MUBARAK also had a volatile day. Earlier, the coin recorded a price surge from $0.07, topping $0.14 earlier.
Following Binance’s listing announcement, the digital asset dropped by around 6% before a quick reversal upwards. At the moment of writing this article, MUBARAK is trading above $0.09 with a market cap of over $93 million.
Despite the recent volatility, the coin is still up by over 20% for the day.
MUBARACK and other memecoins recently triggered a surge in activity on BNB Chain DEXs, leading to a significant surge in 24-hour trading volume.
