Binance Futures is set to introduce new USDT-margined perpetual contracts for Bedrock (BR) and Plume (PLUME) following recent key developments, including Binance’s exclusive token generation event for Bedrock and YZi Labs’ investment in Plume Network.
According to a recent announcement, Binance Futures will launch the BRUSDT Perpetual Contract on March 21 at 12:45 UTC, followed by the PLUMEUSDT Perpetual Contract at 13:00 UTC. Both contracts will offer traders leverage of up to 25x and will be available in multi-assets mode. The maximum funding rate at launch is set at ±2.00%, with funding fees calculated every four hours.
The launch comes on the heels of Binance’s Bedrock token generation event, which took place on March 20 via PancakeSwap. During the event, eligible users received a total of 50 million BR tokens, representing 5% of the total supply. Bedrock is a liquid restaking protocol on BNB Smart Chain, allowing Bitcoin staking through uniBTC, which enables users to earn rewards while maintaining liquidity.
Meanwhile, Plume Network has been gaining attention following YZi Labs’ investment announcement on March 17. The modular blockchain, designed to facilitate real-world asset tokenization, has reportedly onboarded over 18 million wallets on its testnet and partnered with more than 180 protocols.
Market-wise, PLUME saw a 4% surge after Binance Futures announced the perpetual contracts but has since dipped nearly 10% in the past 24 hours, with its native token trading at $0.204, according to CoinGecko data.
These updates come alongside Binance’s latest adjustments to its Fiat Liquidity Provider Program, which are set to take effect on March 24, 2025, at 00:00 UTC. The exchange introduced a second qualification tier for EUR markets and modified the Maker Fee Rebate Rate to enhance liquidity incentives.
Under the revised structure, Tier 1 of the EUR market now requires a Maker Volume Percentage of 0.5%, offering a Maker Fee Rebate Rate of -0.005%. Meanwhile, the newly added Tier 2 demands a 1.0% Maker Volume Percentage with a higher rebate rate of -0.010%. Binance confirmed that the qualification review process for these tiers would begin on March 24, with weekly assessments conducted under an updated performance evaluation system.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
