As a seasoned researcher and cryptocurrency enthusiast with over a decade of experience in this dynamic field, I find the recent developments surrounding Aerodrome Finance (AERO) and Kaia (KAIA) particularly intriguing. The listing of their key tokens by Binance Futures, offering up to 75x leverage, is a testament to the growing recognition and acceptance of DeFi protocols in the mainstream crypto market.
On the Binance Futures platform, the leading DeFi protocol on Coinbase’s L2 Base, Aerodrome Finance (AERO), and Kaia (KAIA), a product of Klaytn’s rebranding, have had their main tokens listed. These assets can now be traded with up to 75 times leverage using the US dollar as margin.
Binance Futures lists KAIA, AERO contracts with 75x margin
From December 4, 2024 onwards, the derivatives division of the world’s leading crypto exchange, Binance (BNB), named Binance Futures, will begin supporting KAIAUSDT and AEROUSDT Perpetual Contracts. These financial products can now be found in the USD-margined contracts section, which is accessible to users.
Binance Futures is set to debut the USD-margined perpetual contracts for the cryptocurrencies KAIA and AERO on December 4, 2024, at 14:00 and 14:15 (UTC) respectively. Learn more here.
— Binance Futures (@BinanceFutures) December 4, 2024
The contracts have up to 75 times magnification for trading. Starting at 2:00 p.m. UTC, the KAIAUSDT perpetual contract will be available on Binance Futures, followed by AEROUSDT 15 minutes later. USDT (Tether) stablecoin serves as the settlement asset for these new offerings.
Funding rates for the perpetual contracts will be adjusted every four hours, with a 2% limit.
As a researcher, I’m delving into the world of cryptocurrencies, and one particular topic that has caught my attention is KAIA. This digital currency serves as the native cryptocurrency for Kaia, an innovative L1 blockchain that was birthed through a strategic union between Klaytn and Finschia earlier this year.
In an earlier article, it was reported that Binance Futures generated buzz back in October by introducing MOODENG, SANTOS, and SAFE USDT-backed contracts with a staggering 75x leverage for investors like myself to trade on.
AERO price jumps by 20% in no time
Today, Aerodrome Finance’s AERO token scaled to a fresh peak in its local market, surging by 20% within just half an hour and reaching a maximum of $1.96.
Due to this recent surge, the value of the token’s total market cap surpassed $1.33 billion. This token has now taken the position of being the 98th largest cryptocurrency, overtaking Peanut The Squirrel (PNUT) as stated by CoinMarketCap.
The trading volume in AERO pairs rocketed by 50% overnight. At the same time, the KAIA price reacted to the listing announcement with a 10% price upsurge. The token surpassed EOS and GALA heavyweights and is almost ready to smash FLOKI meme coin by market cap.
The market benchmark is up 3.43% for the crypto segment in the last 24 hours.
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2024-12-04 18:36