Binance Futures, the futures trading arm of the Binance exchange, has announced the launch of futures trading for three altcoins: GRIFFAINUSDT, AI16ZUSDT, and ZEREBROUSDT. This development aims to offer users new trading opportunities with leverage up to 75 times.
Details on New Altcoin Futures
The initial trading hours for these altcoins are set for January 2, 2025: 16:30 UTC for GRIFFAINUSDT, 16:45 UTC for AI16ZUSDT, and 17:00 UTC for ZEREBROUSDT. Each contract will have a maximum funding rate of +/- 2.00%, recalculated every four hours, allowing traders to adjust their strategies based on market fluctuations.
Contract Verification Addresses for Altcoins
Binance has provided specific verification addresses for each altcoin. The verification address for GRIFFAINUSDT is KENJSUYLASHUMfHyy5o4Hp2FdNqZg1AsUPhfH2kYvEP, for AI16ZUSDT is HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC, and for ZEREBROUSDT is 8x5VqbHA8D7NkD52uNuS5nnt3PwA8pLD34ymskeSo2Wn. Users are advised to verify contracts using these addresses to ensure safe trading. Any changes or updates will be communicated to users.
User Convenience Features by Binance
To facilitate user convenience, Binance Futures will implement a Multi-Assets Mode feature, allowing users to trade with different collateral types, such as using BTC for these new futures contracts. Following the announcement, altcoin prices surged significantly, with each coin gaining between 10% to 30% in value according to CoinMarketCap data.
These innovations by Binance highlight the company's commitment to expanding trading options and enhancing platform experience.
