Binance Futures has released KAIA and AERO token contracts with 75x margin. This move has grabbed the attention of traders and sparked market activity.
Listing of KAIA and AERO Contracts
Starting December 4, 2024, Binance Futures supports KAIAUSDT and AEROUSDT perpetual contracts. These products were launched with 75x margin in the USD-margined contracts section.
Market Reaction to the Announcement
AERO token saw a significant price surge of 20% in a short amount of time, reaching a local high of $1.96. Market capitalization increased to $1.33 billion. Meanwhile, KAIA token showed a 10% price gain, approaching positions of top meme tokens.
Details of New Contracts
The new contracts offer 75x leverage, and settlements are done in Tether (USDT). Funding rates will be adjusted every four hours with a limit of 2%.
The launch of new contracts on Binance Futures has increased market activity and provided traders with new opportunities in the DeFi segment.
