Binance Futures Introduces New Perpetual Contracts for BR and PLUME
Binance Futures is set to introduce BR and PLUME USDT-margined perpetual contracts. This move follows Binance’s Bedrock token generation event and YZi’s investment in Plume.
Starting March 21, traders can access these new contracts. BRUSDT will debut at 12:45 UTC,followed by AEROUSDT at 13:00 UTC. Both contracts offer up to 25x leverage and support multi-assets mode. The maximum financing rate will be ±2.00%, with funding fees calculated every four hours.
These contracts come after Binance’s exclusive Bedrock token event on PancakeSwap and YZi’s investment in Plume Network. The BRUSDT contract will launch first, with PLUMEUSDT following shortly after. This expansion aims to boost trading options for users.
Bedrock, or BR, is a liquid staking protocol on BNB Smart Chain. It allows Bitcoin staking via uniBTC. The BR token has seen a 10% rise in the past 24 hours. Though, the announcement hasn’t positively impacted BR’s price, which has dipped by nearly 6%. Despite this, PLUME has gained 4% since the announcement. Yet, it has fallen by about 10% in the last day. The BR token is currently valued at $0.17, down from its peak of $0.19. The token’s price movement shows mixed reactions to the news. Meanwhile, Plume’s native token, PLUME, is trading at $0.204. It surged to $0.24 after YZi Labs’ investment in Plume Network. Plume is a blockchain platform that brings real-world assets on-chain. It has over 18 million wallets in its testnet and partnerships with 180 protocols.
Bedrock’s token generation event on PancakeSwap attracted 50 million tokens, or 5% of its total supply. The event ran from 10:00 AM to 12:00 PM UTC on March 20. The event distributed 50 million BR tokens. Users can now stake BTC while maintaining liquidity. This feature appeals to traders seeking flexible staking solutions.
Plume’s native token, PLUME, has seen a 4% increase. The token’s price has as corrected, reflecting market volatility. The event distributed 5% of BR’s total supply. The platform enables Bitcoin staking with liquidity. this feature is a game-changer for BTC holders. It lets users earn rewards while keeping their assets liquid. The BR token’s price action shows the market’s cautious response to the news.
Bedrock’s liquid staking solution is a highlight. It’s built on BNB Smart Chain. The funding fee for both contracts will be ±2.00%. The funding fee is a fee traders pay or receive based on market demand. The BRUSDT contract’s launch may not have the expected boost. The PLUMEUSDT contract’s launch is more promising. It’s currently valued at $0.204. The token’s price has been volatile, reflecting investor interest in innovative staking solutions.
Plume Network’s growth is notable. It integrates real-world assets on-chain. YZi Labs’ backing adds credibility to Plume’s modular blockchain. The platform’s testnet has gained traction, showing strong community engagement.
Bedrock’s liquid staking protocol is a key attraction. It allows BTC holders to earn rewards without locking assets. The BRUSDT contract’s debut may not have the desired effect. The funding fee structure is crucial for traders.It ensures fair trading conditions.The funding fee helps balance long and short positions. It’s a modular blockchain with real-world asset integration.The network’s testnet has 18 million wallets. The investment by Binance’s investment arm, yzi Labs, shows faith in Plume’s potential. The investment highlights binance’s commitment to expanding its ecosystem. The funding fee is a critical aspect of perpetual contracts. it ensures a balanced market.The funding fee adjusts every four hours. This feature stabilizes prices and attracts more traders.
Bedrock’s liquid staking protocol is a meaningful advancement. It’s a win for Binance’s ecosystem.The funding fee mechanism keeps the market stable. It’s a strategic move for Binance. It’s a step towards mainstream adoption. The BRUSDT contract’s launch is a testament to Binance’s vision. It’s a modular blockchain with real-world asset integration. The funding fee ensures a balanced market. It’s a significant step for Binance’s growth strategy. The funding fee is a vital component. It keeps the market steady. The funding fee is a key feature. It helps maintain a balanced market. The funding fee is a crucial aspect. It keeps the market stable. The funding fee is a vital feature. It helps maintain a balanced market. The funding
