Binance Expands Futures Offerings with ATHUSDT Perpetual Contract

Binance Futures has launched a new USDⓈ-margined perpetual contract for Aethir (ATH) on April 3 at 15:45 UTC.

The ATHUSDT contract will offer up to 50x leverage, allowing traders to engage with Aethir, a decentralized GPU computing project for AI and gaming applications. This addition reflects Binance’s commitment to providing diverse trading options.

Though ATH is already listed on Binance’s Alpha Market, introducing its perpetual contract adds an extra accessibility layer. The contract will operate with a tick size of 0.00001, a capped funding rate of +2.00% to -2.00%, and settlements every four hours. Users can trade with alternative margin assets like BTC through Binance’s Multi-Assets Mode, offering greater flexibility. Additionally, within 24 hours of launch, the contract will be available for Futures Copy Trading, enhancing Binance’s trading options.

Binance can modify key specifications like funding fees and leverage based on market conditions to maintain a balanced trading environment. They clarified that the availability of ATH on Binance Futures does not guarantee its listing on Binance Spot, and users should refer to the original English announcement for accurate information, as translations may vary.

Notably, Binance has launched the ATHUSDT contract and is actively engaging its community through the second batch of its “Vote to List” campaign. This initiative and the “Vote to Delist” mechanism emphasize Binance’s commitment to community governance for cryptocurrency listings. Users can vote on projects for potential spot listings, with voting posts available on Binance Square. Only projects that meet Binance’s due diligence standards will be considered for listing.

Meanwhile, Binance has taken decisive action against a market maker involved in irregularly trading Movement (MOVE) tokens. The entity, which was removed from the platform due to misconduct, sold 66 million MOVE tokens a day after listing, securing 38 million USDT in profits. Binance has frozen the proceeds and will oversee compensation for affected users in cooperation with Movement Labs and the Movement Foundation.

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