Binance Futures has introduced three new USD-margined perpetual contracts: COOKIEUSDT, ALCHUSDT, and SWARMSUSDT. These contracts offer traders leverage of up to 75x, targeting those interested in high-risk, high-reward opportunities in the cryptocurrency market. The launch schedule is as follows: COOKIEUSDT will launch at 11:30 UTC, followed by ALCHUSDT 15 minutes later, and SWARMSUSDT at 12:15 UTC.
These contracts are linked to projects from Cookie DAO (COOKIE), Alchemist AI (ALCH), and Swarms (SWARMS), all of which have been listed on Binance's Alpha Market. These contracts will be settled in Tether (USDT) and can be traded 24/7. Additionally, Binance has activated the Multi-Asset Mode for these contracts, allowing traders to use alternative assets like Bitcoin (BTC) as collateral, providing greater flexibility.
The funding rate for these contracts can fluctuate by up to ±2.00% and is paid out every four hours. The minimum price increment is set at 0.0001 for COOKIE and SWARMS, while for ALCH, the increment is 0.00001. Binance may adjust these parameters based on market conditions to effectively manage risk.
Binance has clarified that the launch of these perpetual contracts does not guarantee that the tokens will be listed on Binance's spot market. For transparency, Binance has provided verified contract addresses: COOKIE (0xc0041ef357b183448b235a8ea73ce4e4ec8c265f), ALCH (HNg5PYJmtqcmzXrv6S9zP1CDKk5BgDuyFBxbvNApump), and SWARM (74SBV4zDXxTRgv1pEMoECskKBkZHc2yGPnc7GYVepump).
The exchange also warns that perpetual contracts are high-risk instruments and advises traders to carefully consider the Terms of Use and Binance's Futures Service Agreement before participating. These products are suitable for traders speculating on price volatility without holding the underlying asset.
Similarly, Binance added USDT perpetual contracts for the native tokens of Aerodome Finance (AERO) and the Layer 1 blockchain platform Kaia (KAIA) to its Futures trading platform on December 4, 2024. The KAIAUSDT contract went live at 14:00 UTC, followed by the AEROUSDT contract at 14:15 UTC. Both contracts offer leverage of up to 75x and support Binance Futures' multi-asset mode.
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