The world’s largest crypto trade Binance on Monday introduced the perpetual contract itemizing for HIVE and added Bio Protocol to Launchpad. HIVE worth surged 11% after the announcement, sparking elevated investor curiosity. The strikes spotlight Binance’s efforts to develop its choices and improve buying and selling alternatives for customers.
Binance Futures Introduces HIVE Perpetual Contract
Binance Futures revealed the launch of the Hive token perpetual contract with up to 75x leverage, from December 23. This new contract allows merchants to maximize their publicity to the token with high-leverage choices, attracting each retail and institutional traders.
The trade stated The HIVE/USDT contract helps multi-assets mode, permitting merchants to use different margin belongings like BTC. The funding payment will likely be settled each 4 hours, with a capped fee of +2.00% / -2.00%. This announcement is a part of its efforts to improve consumer buying and selling experiences and develop its rising checklist of perpetual contracts.
The trade additionally famous that the specs, together with tick dimension, most leverage, and margin necessities, could also be adjusted based mostly on market danger circumstances. As a high-risk product, merchants are suggested to assess the market fastidiously earlier than buying and selling.
Introducing BIO Protocol (BIO) on Binance Launchpool
Binance exchange also announced BIO Protocol (BIO) because the 63rd undertaking on its Launchpool platform. BIO is a cutting-edge liquidity protocol for Decentralized Science (DeSci), geared toward reshaping the way forward for decentralized analysis and collaboration. Users can take part within the Launchpool by locking BNB and FDUSD to farm BIO tokens, with a complete of 99.6 million BIO (3% of the genesis token provide) obtainable as rewards. Farming will run from December 24 to January 2.
Upon the conclusion of the farming interval, one of many top crypto exchanges will checklist BIO on January 3. Trading pairs will embody USDT, BNB, FDUSD, and TRY, offering customers with a number of choices to commerce the token. BIO’s preliminary circulating provide will likely be roughly 1.29 billion tokens or 39.05% of the full Genesis provide. This launch reaffirms its dedication to supporting modern tasks whereas offering customers with new incomes alternatives and fostering development within the Web3 and DeSci ecosystems.
HIVE Price Surges on Futures Listing
Binance has additionally lately revealed expanded offerings for HIVE, IDEX, and TLM, sparking worth rallies throughout these belongings. Following its futures itemizing, The worth surged 11% to $0.3752, with its 24-hour high and low ranging between $0.2899 and $0.3752. The itemizing considerably boosted the token’s buying and selling exercise, underlining the sturdy correlation between Binance Futures launches and market efficiency.
This development isn’t remoted as MOCA token experienced a 370% surge to $0.22 after its perpetual contract itemizing with 75x leverage. Its buying and selling quantity skyrocketed by 7558% to $1.34 billion, whereas Futures Open Interest climbed 1297% to $35.64 million.
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