Binance has announced listing a new perpetual contract—DEEPUSDT—on its Futures platform, further expanding its range of trading options for derivatives traders.
The contract will go live today, April 22, 2025, at 08:30 UTC and offers leverage of up to 50x, providing users with a high-risk, high-reward trading opportunity.
The new contract, tied to DEEP, the native token of the DeepBook Protocol, is built on the Sui blockchain. It introduces a decentralized central limit order book (CLOB) to the derivatives market. Using USDT as the settlement asset, the DEEPUSDT listing is available under Binance’s USDⓈ-Margined Perpetual Contracts. This allows traders to speculate on DEEP’s price movements in a highly liquid environment.
To support strategic trading, Binance has set a tick size of 0.00001, a maximum funding rate of ±2.00%, and a funding fee settlement cycle of four hours. Additionally, the contract supports Multi-Assets Mode, allowing users to use alternative margin assets like BTC, subject to specific platform haircuts. This flexibility caters to experienced traders looking to optimize their capital efficiency.
Furthermore, Binance confirmed that the DEEPUSDT contract will be integrated into Futures Copy Trading within 24 hours of its launch, making it easier for newcomers to follow top-performing strategies.
In its announcement, Binance stated that parameters for contracts, including leverage, funding rates, and margin requirements, may be adjusted based on current market conditions. The exchange also emphasized that listings on Binance Futures do not guarantee future inclusion on its Spot market, highlighting the independence of each trading platform.
Binance has launched the second round of its “Vote to Delist” campaign in a separate initiative, inviting its community to shape the platform’s token offerings. Users can now vote on removing 17 tokens currently bearing the “Monitoring” tag, a move that reinforces Binance’s commitment to transparency and community-driven governance in managing token listings.
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