Binance Futures has announced the launch of two new perpetual contracts: VINEUSDT and PIPPINUSDT. Available from January 24, 2025, these contracts offer traders up to 25x leverage.
Launch of New Contracts
The VINEUSDT and PIPPINUSDT contracts will be launched on Binance Futures on January 24, 2025. VINEUSDT will be available from 10:00 (UTC) and PIPPINUSDT from 10:15 (UTC). Both contracts offer up to 25x leverage.
Contract Features
The VINEUSDT perpetual contract is based on Vine Coin, a Solana-based memecoin introduced by Vine's co-founder, Rus. The PIPPINUSDT contract is based on the PIPPIN token, a memecoin focused on AI applications. For both contracts, traders can use USDT as the settlement asset. The tick size is set at 0.00001, ensuring high precision in trade execution. The capped funding rate is +2.00% / -2.00% and will apply from launch.
Risk Management
Binance Futures emphasizes the importance of risk management with a maximum leverage of 25x. This allows traders to amplify their positions but requires careful attention to market movements. The funding fee will be settled every four hours, maintaining a steady flow of funding adjustments throughout the day. Multi-Asset Mode is supported, offering flexibility in trading different asset types.
The launch of the VINEUSDT and PIPPINUSDT contracts offers traders new opportunities by combining precision and accessibility with memecoin-based cryptocurrencies. Careful risk management and the power of up to 25x leverage provide users with flexibility and trading options.
