Binance once again stirs the cryptocurrency market with its latest announcement: the launch of futures contracts for three promising tokens, SWARMS, COOKIE, and ALCH. Scheduled to trade at different times today, these contracts will offer leverage of up to 75 times, marking a significant step in Binance's strategy to enhance trading options and improve user experience.
Futures trading calendar
The newly announced perpetual futures will be available as follows:
The perpetual futures COOKIE/USDT will start at 11:30 (UTC).
The perpetual futures ALCH/USDT will start at 11:45 (UTC).
The perpetual futures SWARMS/USDT will start at 11:15 (UTC).
These contracts are part of the Binance Alpha platform, focusing on introducing innovative Web3 projects.
The impact of price and market volatility
After the announcement, the prices of all three tokens experienced notable fluctuations:
COOKIE (Cookie DAO): The initial price was $0.59, COOKIE surged above $0.63 before adjusting and stabilizing around $0.60. With a market capitalization of approximately $95 million, COOKIE serves as a utility token for the decentralized Cookie DAO ecosystem.
ALCH (Alchemist AI): Before Binance's announcement, ALCH was trading at $0.18. After briefly rising to $0.19, it stabilized back to its original price. The token supports a no-code development platform aimed at turning ideas into functional applications, proudly boasting a market capitalization of $160 million.
SWARMS: This token saw the most significant increase, rising 40% to $0.51 after the announcement. Currently trading at $0.48, SWARMS has a market capitalization exceeding $515 million and continues to attract the attention of cryptocurrency whales.
Binance's future vision
Binance's addition of these futures contracts reflects its commitment to diversifying trading tools and highlights projects that push the boundaries of Web3 innovation. This move not only supports market liquidity but also empowers traders with new opportunities to explore high-growth tokens.
