Binance Futures, the futures trading arm of Binance, announced new futures contracts including COOKIEUSDT, ALCHUSDT, and SWARMSUSDT. Trading will begin on January 7, 2025, with leverage up to 75 times.
Details on New Contracts
According to the announcement by Binance Futures, the COOKIEUSDT futures contract will commence trading on January 7, 2025, at 14:30 UTC. The ALCHUSDT contract will begin at 14:45 UTC, while the SWARMSUSDT contract will start at 15:15 UTC. These contracts enable traders to develop flexible strategies and trading conditions have been optimized as per market demands. The futures contracts are based on previously listed projects in the Binance Alpha Market, including Cookie DAO, Alchemist AI, and Swarms.
Market Impact
Following the Binance Futures announcement, the prices of three altcoins surged significantly. The prices of COOKIE, ALCH, and SWARMS increased by over 10%, reflecting a positive market reaction to the news.
Conclusion
The launch of new futures contracts on Binance Futures aims to attract greater trading volumes and improve user experience. The prior listings on Binance have enhanced investor confidence, positively affecting market dynamics.
With new contract launches, Binance Futures seeks to improve trading conditions and stimulate trading volume growth, positively impacting altcoin prices.
