On April 16, 2025, Binance announced the launch of the new AERGOUSDT perpetual contract with 15x leverage. This event is significant for trading and led to changes in the AERGO market.
Expansion of Derivatives on Binance
Binance, the largest crypto exchange by trading volume, has introduced the AERGOUSDT perpetual contract, which offers up to 15x leverage to traders. This initiative aligns with the company's strategy of frequently expanding its trading products to meet market demand. The central asset in this new contract is Aergo, an enterprise blockchain developed by South Korean company Blocko and supported by Samsung.
Price Movements of AERGO
Following the announcement of the new contract, the price of AERGO surged by over 20%, peaking at $0.51. Currently, the price of AERGO stands at $0.29, reflecting a 24-hour decline of 29.86% and a one-week increase of 130.76%. The market capitalization of AERGO is currently valued at $137.78 million with a daily trading volume of $1.41 billion.
Market Analysis and Predictions
According to the Coincu research team, the introduction of high-risk products in a volatile market can amplify market exposure and risks. Historical performance of similar Binance initiatives shows that they can stimulate trading activity but do not always lead to long-term price changes. Such launches often spur liquidity and speculative trading.
The launch of the AERGOUSDT perpetual contract on Binance once again emphasizes the exchange's strategy of expanding its offerings. Time will tell how this will impact price dynamics and investor activity in the market.
