Key Points
- Binance will launch the Perpetual Contracts next month with up to 25x leverage.
- The coins’ price surged following the announcement.
This morning, Binance announced the launch of multiple Perpetual Contracts next month. The exchange’s announcement comes amidst a very volatile crypto market that saw losses of over 7% today.
Binance Futures Listing Details
In the official announcement, Binance revealed that it will list six new futures contracts with up to 25x leverage as follows:
- KAITOUSDT Perpetual Contract will be listed on March 5 at 10:00 (UTC).
- IPUSDT Perpetual Contract will be listed on March 5 at 10:15 (UTC).
- TRUMPUSDT Perpetual Contract will be listed on March 6 at 10:00 (UTC).
- ADAUSDT Perpetual Contract will be listed on March 6 at 10:15 (UTC).
- PNUTUSDT Perpetual Contract will be listed on March 7 at 10:00 (UTC).
- HBARUSDT Perpetual Contract will be listed on March 7, at 10:15 (UTC).
Binance continues to list futures contracts to offer traders more trading options and a better experience on the platform.
The coins’ prices started surging following Binance’s announcement.
📌 Trade KAITO, IP, TRUMP, ADA, PNUT, HBAR on Binance – Get Started Now
The Digital Assets’ Prices Surge
All six digital assets recorded significant price drops today amidst a very volatile crypto market but recorded a slight surge following Binance’s announcement.
KAITO Price Trajectory
KAITO was trading at $2.77 earlier, but its price fell to $1.89, before slightly rebounding to current levels of $1.95. Now, the coin has a market cap of over $472 million, and it’s down by over 29% in the past 24 hours.
The coin’s price started to surge following Binance’s announcement.
Kaito team says the project is the distribution center of crypto for information, attention, and capital.
IP Price Trajectory
IP price also dropped from $6.4 on February 27 to $5.25 earlier today, before a rebound to current levels of $5.39. The coin has a market cap of $1.34 billion and it’s down by 12% today. However, it surged by almost 3% following Binance’s announcement.
Story (IP) is an L1 blockchain that serves as the foundation for intellectual property on the Internet, according to the team behind the project.
TRUMP Price Trajectory
TRUMP price also dropped from around $13 on February 27 to around $11 earlier today. Now, the coin is trading at $11.35 following a slight surge of under 1%. The coin has a market cap of $2.27 billion, and it’s still down 14% today.
TRUMP is a memecoin launched by US President Donald Trump last month.
ADA Price Trajectory
ADA was trading at around $0.67 on February 27 but recorded a price drop to $0.58 today ahead of a reversal. Following Binance‘s announcement, ADA surged by over 1%, reaching current prices above $0.6 and a market cap of $21.27 billion.
Cardano (ADA) is a PoS blockchain.
PNUT Price Trajectory
PNUT experienced intense volatility in the past 24 hours and dropped to $0.17 earlier today. However, following Binance’s announcement, PNUT is trading above $0.19, seeing a surge of over 4.4% after the exchange announced its futures trading. PNUT now has a market cap of over $200 million.
PNUT is a memecoin on Solana that was promoted even by Elon Musk.
HBAR Price Trajectory
HBAR price dropped from $0.2 earlier today, reaching a dip at $0.18, However, since Binance announced its futures listing the coin surged by over 3%, and it’s trading close to $0.19, with a market cap of $7.94 billion. The coin is still down by 5% for the day.
Hedera is an enterprise-grade public network for the decentralized economy allowing businesses and individuals to create powerful dApps.
📌 Start trading KAITO, IP, TRUMP, ADA, PNUT, HBAR on Binance today
