Binance continues to expand its offerings in the derivatives market by adding ZORAUSDT and TAGUSDT contracts with up to 50x leverage. These innovations may affect trading activity on the platform.
Expansion of Binance Offerings
Binance Futures has announced the launch of ZORAUSDT and TAGUSDT perpetual contracts, which will be available on July 25, 2025. These contracts offer a maximum leverage of 50x and are aimed at increasing the diversity of trading products on the platform. According to Binance, the contracts will be immediately available for copy trading upon launch.
Crypto Community Reaction
At the time of the announcement, there was little noticeable reaction from the crypto community. Binance leadership did not provide comments on social media, and there was no significant regulatory feedback. This may indicate that the market is not yet ready for significant fluctuations in response to these launches.
Historical Trends and Potential Impacts
The launch of perpetual contracts often leads to spikes in speculative trading volume. However, as the ZORA and TAG contracts have not received widespread support, their long-term market impact remains uncertain. Currently, ZORA was trading at $0.06 with a fully diluted market cap of $551.32 million and a 24-hour trading volume of $228.03 million.
In summary, the launch of new perpetual contracts on Binance may increase trading activity, but their long-term market consequences remain uncertain.
