On July 23, Binance Futures will introduce a trio of new perpetual contracts, expanding its derivatives lineup with support for lesser-known but community-driven tokens.
The additions—PENGU, CVX, and SLP—will each come with leverage options reaching up to 75x.
Trading for the PENGU/USDC pair begins in the morning, while CVX/USDT and SLP/USDT are set to go live later in the afternoon. The rollout reflects Binance’s continued interest in catering to both niche ecosystems and seasoned futures traders seeking volatility.
Each token carries its own use case:
- PENGU powers the Pudgy Penguins Web3 and NFT ecosystem.
- CVX underpins Convex Finance’s strategy to optimize rewards on Curve.
- SLP, part of the Axie Infinity platform, enables players to breed new Axies.
The move not only enhances Binance’s product depth but also taps into growing demand for speculative trading in altcoins with strong community backing.
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Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/binance-launches-high-leverage-futures-for-three-niche-tokens/