The post Binance Futures Introduces VINEUSDT and PIPPINUSDT Perpetual Contracts appeared on BitcoinEthereumNews.com.

Market News Binance Futures launches VINEUSDT and PIPPINUSDT perpetual contracts on January 24, 2025. VINEUSDT is based on Vine Coin, while PIPPINUSDT focuses on AI-driven PIPPIN memecoin. Binance Futures has announced the launch of two new perpetual contracts: VINEUSDT and PIPPINUSDT. The contracts will be available from January 24, 2025, with VINEUSDT launching at 10:00 (UTC) and PIPPINUSDT launching at 10:15 (UTC). Both contracts will allow traders to leverage up to 25x, offering increased flexibility for experienced traders. The VINEUSDT perpetual contract will be based on Vine Coin (VINE), a Solana-based memecoin introduced by Vine’s co-founder, Rus. This new asset adds another option to Binance’s growing list of trading pairs in the memecoin sector. Similarly, the PIPPINUSDT contract is based on the PIPPIN token, a Solana memecoin focused on AI applications.  VINEUSDT and PIPPINUSDT Contract Overview Traders can use USDT as the settlement asset for both contracts, allowing easy access to these new pairs with the stablecoin. The tick size for both contracts is set at 0.00001, ensuring high precision in trade execution. Additionally, Binance Futures has set a capped funding rate of +2.00% / -2.00%, which will apply to both contracts at launch.  The funding fee for these perpetual contracts will be settled every four hours, maintaining a steady flow of funding adjustments throughout the day. With trading available 24/7, users can manage their positions at any time. Multi-Asset Mode is also supported, offering flexibility in trading different asset types on Binance Futures. Binance Futures has emphasized the importance of risk management with a maximum leverage of 25x. This leverage allows traders to amplify their positions but also requires careful attention to market movements. Highlighted Crypto News TodayVitalik Buterin Reveals the Future of Scaling Ethereum in 2025 Sindhu Budding crypto writer with a keen interest in providing fresh insights…

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Filed under: News - @ January 24, 2025 6:26 pm