- Binance launches CVCUSDT perpetual contract, offering 75x leverage.
- Enhances Binance Futures’ derivative offerings.
- No direct responses from Binance or Civic executives noted.
Binance officially announced the launch of the CVCUSDT perpetual contract on May 16, 2025, set to go live at 08:30 UTC.
The introduction of this contract expands Binance Futures’ product offering, potentially increasing Civic’s trading activity. Immediate market reactions have been limited with no significant statements from industry leaders.
Binance Expands Derivatives With Civic Contract Launch
Binance added the Civic USDT perpetual contract to its platform, marking another addition to its extensive derivatives offerings. The platform allows traders to use up to 75x leverage, providing more speculative opportunities.
The announcement mentions, “Binance Futures will launch the following perpetual contract(s) as below: 2025-05-16 08:30 (UTC): CVCUSDT Perpetual Contract with up to 75x leverage… More details on the aforementioned perpetual contract(s) can be found in the table below.”
Community and industry reactions have been subdued. Despite the strategic significance, major industry figures have not commented publicly. Binance and Civic’s leadership teams have remained silent on social media and other channels regarding this contract, and the official narrative comes primarily from Binance’s formal communication outlets.
Civic Price Trends and Market Implications Amidst New Listing
Did you know? The introduction of high-leverage perpetual contracts often leads to increased trading volumes and volatility in associated assets, as previously observed with similar listings on leading exchanges.
According to CoinMarketCap, Civic (CVC) is trading at $0.12, with a market cap of approximately $119.01 million. The circulating supply is set at 1 billion CVC with notably high trading volatility, as evidenced by a 12.23% drop in the last 24 hours. Its market performance has varied over different time frames, with moderate increases over 7 and 30 days, and a slight decrease over 90 days.
The Coincu research team highlights possible effects on Civic’s pricing trends due to this new listing. While the exact impact remains to be evaluated, historical patterns suggest that high-leverage options can inflate short-term trading activity but carry inherent risks tied to market behavior swings. Market participants remain cautious until observable trading trends emerge post-launch.
Source: https://coincu.com/338073-binance-launches-cvcusdt-contract/