Binance, a leading cryptocurrency exchange, announced the launch of new perpetual contracts PUNDIXUSDT and CTKUSDT, set to begin trading on April 30, 2025.
Binance's New Offerings
The perpetual contracts for Pundi X (PUNDIX) and CertiK (CTK) will launch at 18:00 and 18:15 Beijing time, respectively. These contracts support leverage up to 75x, providing traders with expanded trading options.
Surge in Pundi X Prices Amid New Contracts
Pundi X has shown a significant price increase, rising by 91.96% over the past month in light of the new contract launches. As of now, PUNDIX is priced at $0.52 with a market cap of $133.13 million. The trading volume has also surged by 91.95% in the last 24 hours.
Binance's Strategy in the Emerging Derivatives Market
Analysis suggests that Binance's expansion of perpetual contracts could provide competitive advantages. This is particularly salient amid increasing global regulatory scrutiny and growing interest in cryptocurrency trading technologies.
The launch of new Futures contracts PUNDIXUSDT and CTKUSDT with substantial trading support highlights Binance's focus on expanding its derivatives market.
