Binance Perpetual Contracts Lunches AERO and KAIA USDT Effective December 4th

Binance Perpetual Contracts has launched AERO and KAIA USDT perpetual contracts on its platform, effective December 4th. This historic market move is expected to send seismic waves throughout the crypto universe.

In a notice published by Binance Futures, the platform announced that it will launch KAIAUSDT Perpetual Contract and AEROUSDT Perpetual Contract. Both bi perpetual contracts will be available on the platform starting Dec. 4, with the KAIAUSDT perpetual contract launching at 14:00 UTC and the AEROUSDT perpetual contract releasing at 14:15 UTC

The maximum financing rate for KAIAUSDT and AEROUSDT binance perpetual contracts at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours.

The launch of AERO and KAIA USDT perpetual contracts on Binance Perpetual Contracts marks a significant milestone in the evolution of crypto trading. These contracts offer traders the ability to speculate on the price movements of AERO and KAIA with up to 75 times leverage.

Both perpetual contracts will be offered with up to 75 times leverage and supported for multi-assets mode by Binance Futures after the launch date.

Shortly after Binance announced the launch of the AEROUSDT perpetual contract, AERO soared by nearly 20%. According to data from CoinGecko, the token is currently trading at $1.94. AERO has a market cap of $1.2 billion and a fully diluted valuation of $2.55 billion.

AERO and KAIA: The Tokens Behind the Contracts

In the past 24 hours, the token has accumulated a trading volume of $159 million. AERO has a circulating supply of 702 million tokens.

AERO, the native token of Aerodrome, and KAIA, the native token of Kaia, are the latest additions to the Binance Perpetual Contracts platform. With this launch, traders can now speculate on the price movements of these tokens with increased leverage.

The launch of AERO and KAIA USDT perpetual contracts on Binance Perpetual Contracts is a significant development in the evolution of crypto trading, said Caroline Malcolm, Head of International Policy at blockchain analytics firm Chainalysis.

The Impact of Binance Perpetual Contracts on the Crypto Market

The launch of AERO and KAIA USDT perpetual contracts on Binance Perpetual Contracts is expected to have a profound impact on the crypto market. These contracts offer traders increased leverage and flexibility.

AERO is the native token from Aerodrome, the DeFi project with the largest TVL on the Base

chain. At the time of writing, AERO has not yet been officially listed on Binance spot trading. According to data from DeFi Llama, Aerodrome contributes $1.64 billion to the Base chain, the highest TVL the DeFi project has ever recorded

Meanwhile, KAIA also saw a rise in its price by nearly 10%. KAIA is currently trading at $0.36. KAIA has a market cap of $2.1 billion and a fully diluted valuation of the same value. KAIA is the native token of Kaia, an EVM Layer 1 public blockchain that brings web3 services to hundreds of millions across Asia via their preferred messenger apps.

The launch of AERO and KAIA USDT perpetual contracts on Binance Perpetual Contracts marks a significant milestone in the evolution of crypto trading. As the crypto market continues to mature, we can expect to see more innovative products and services emerge.

The launch of AERO and KAIA USDT perpetual contracts on Binance Perpetual Contracts marks a significant milestone in the evolution of crypto trading. As the crypto market continues to mature, we can expect to see more innovative products and services emerge, offering traders new ways to speculate on the priceGet more from The Bit Gazette