Key Points
- Binance will launch PUFFERUSDT and PORT3USDT Perpetual Contracts with up to 50x leverage.
- PUFFER's price spiked significantly following the announcement, and PORT3 recorded volatilty.
On June 3, Binance announced that it would launch futures trading for two digital assets on June 4:
- Puffer (PUFFER) - A decentralized platform that was created to enhance Ethereum's scalability and security via innovative restaking and rollup solutions
- Port3 Network (PORT3) - An AI data layer network for AI and intelligence strategy services with significant Web3 databases, decentralized computing platforms, and an open cross-chain execution layer
Binance Futures Listing Details for PUFFER and PORT3
In its official announcement, the crypto exchange listed the details for its upcoming futures launches:
- PUFFERUSDT Perpetual Contract will launch on June 4 at 08:30 (UTC) with up to 50x leverage
- PORTUSDT Perpetual Contract will launch on June 4 at 08:45 (UTC) with up to 50x leverage
Binance announced that both digital assets are already listed on its platform for showcasing projects with growth potential in Web3, Binance Alpha.
Following Binance's announcement, the digital assets recorded price volatilty.
PUFFER and PORT3 Price Trajectories
Here are the price trajectories of the two digital assets today, June 3:
PUFFER Price Action
PUFFER was trading at approximately $0.21 with a market cap of more than $37 million ahead of Binance's announcement.
After the crypto exchange revealed its notes for the upcoming futures launch for PUFFER, the digital asset's price spiked to over $0.24, hitting a market cap of over $42,5 million, before cooling down to current levels.
At the moment of writing this article, PUFFER is trading above $0.24, with a market cap of over $42,69 million. Following a price spike of over 15% earlier, the coin is up by more than 27% in the past 24 hours.
PORT3 Price Action
PORT3 was trading at approximately $0.07 with a market cap of over $31 million before the crypto exchange made the futures launch announcement.
Immediately after that, PORT3 recorded a sharp price drop of over 20%, reaching $0.05 and a market cap of over $22.3 million before a quick rebound above $25 million.
The digital asset is still up by over 12% in the past 24 hours, despite its earlier price volatilty.
