Next month, Binance plans to launch new perpetual contracts with up to 25x leverage, significantly impacting the crypto market.
Details of Binance Futures Listing
This morning, Binance announced the launch of six new perpetual contracts with leverage up to 25x. Listings include KAITOUSDT, IPUSDT, TRUMPUSDT, ADAUSDT, PNUTUSDT, and HBARUSDT, available from March 5 to March 7 at intervals of 15 minutes.
Surge in Digital Asset Prices
The six cryptocurrencies listed showed significant price increases following Binance's announcement. These assets had previously experienced market volatility and price drops of over 7%.
Price Trajectories of Key Cryptocurrencies
KAITO initially priced at $2.77, fell to $1.89, but rose to $1.95 after the Binance announcement. The KAITO project positions itself as a distribution center for crypto information. IP dropped from $6.4 to $5.25, rebounding to $5.39 post-announcement. TRUMP was at $13, fell to $11, and now trades at $11.35. ADA fell from $0.67 to $0.58, rising back above $0.6. PNUT initially fell to $0.17, later rising to $0.19, showing a 4.4% increase. HBAR dropped from $0.2 to $0.18, its price rose to $0.19 after the announcement.
Binance's announcement of new perpetual contracts had an immediate impact on the market, causing price increases for listed cryptocurrencies. Despite recent volatility, these initiatives may support the platform's further development.
