Binance Futures has announced the launch of two new perpetual contracts, ZORAUSDT and TAGUSDT, providing traders the option to use up to 50x leverage.
Expanding Binance's Offerings
The launch of new ZORAUSDT and TAGUSDT contracts on Binance Futures is scheduled for July 25, 2025. The offerings are part of Binance's strategy to expand its derivatives portfolio, targeting the growing NFT and blockchain gaming sectors. Both contracts will allow traders to use leverage up to 50x, which offers opportunities for higher profits as well as increased risks.
Market Surge for ZORA
Currently, ZORA is trading at $0.10 and showing significant price fluctuations. Over the past 90 days, its price has increased by 473.79%. The increase in trading volume by 145.72% indicates rising investor interest. ZORA's market capitalization has also seen a significant increase of 228% over the same period.
Opportunities and Risks
The launch of new contracts could influence trading activity, however, there have been no statements from notable figures in the industry. There are also no clear updates on regulation, which may cause caution among investors. Binance continues to emphasize the importance of risk management, warning about potential market volatility when using leverage.
The launch of ZORAUSDT and TAGUSDT represents a step towards expanding trading opportunities on Binance, attracting the attention of traders interested in NFTs and blockchain gaming. However, high volatility and regulatory uncertainties necessitate a careful investment approach.
