- Binance Futures expands offerings with new PUNDIXUSDT, CTKUSDT contracts launching April 30.
- Both contracts support up to 75x leverage.
- Inclusion of mid-cap altcoins diversifies Binance’s derivatives market scope.
Binance, a leading cryptocurrency exchange, announced it will launch PUNDIXUSDT and CTKUSDT perpetual contracts on April 30, 2025, at 18:00 and 18:15 Beijing time, respectively. This adds to Binance’s range of offerings as it seeks to boost trading activities and strengthen its market position.
Binance Launches PUNDIXUSDT and CTKUSDT Contracts with 75x Leverage
Binance’s New Offerings
Binance’s new perpetual contracts for Pundi X (PUNDIX) and CertiK (CTK) offer traders leverage up to 75x. This move aligns with Binance’s goal to diversify derivatives and expose users to new altcoin markets.
Market implications include enhanced trading options and increased market depth. The contracts’ features, such as up to 75x leverage and four-hour funding fee settlements, offer potential for elevated trading activities. Notably, these listings enable Futures Copy Trading within 24 hours. The competitive landscape in crypto-trading drives this strategy to provide advanced features for users.
“We are launching two new USDS-margined perpetual contracts: PUNDIXUSDT and CTKUSDT, supporting up to 75x leverage.” – Binance Team, Official Announcement, Binance
Pundi X Price Surge Amidst Binance’s Expanding Derivatives Market
Did you know? Pundi X saw a remarkable 91.96% price increase over the last month, reflecting heightened trader interest as Binance expands its contract offerings.
As of the latest data from CoinMarketCap, Pundi X (PUNDIX) is priced at $0.52 with a market cap of $133.13 million and a trading volume surge of 91.95% in 24 hours. The altcoin has shown a 72.73% rise in the past seven days, strengthening its market presence.
Insights from the Coincu research team suggest that Binance’s strategic moves in expanding perpetual contracts could lead to competitive advantages amid growing global regulatory scrutiny and possibly drive technology adoption, enhancing Binance’s footprint in the derivatives market. Binance has strategically positioned itself to attract investors by diversifying its portfolio with these new offerings.
Source: https://coincu.com/335103-binance-futures-new-perpetual-contracts-2/