Binance Boosts Crypto Trading: GPS, SHELL Perpetual Contracts Listed

Binance, the world's largest cryptocurrency exchange, has announced the listing of GPS and SHELL perpetual contracts on its platform. According to an official announcement, the GPSUSDT perpetual contract will be listed at 1:00 on February 18, 2025 (UTC+8), while the SHELLUSDT perpetual contract will be listed at 1:15 on the same day.

The listing of these new contracts is expected to provide traders with more options for hedging their positions and speculating on the price movements of GPS and SHELL. Perpetual contracts are a type of derivative that allows traders to speculate on the price of an asset without having to own the underlying asset. They are popular among traders due to their high leverage and 24/7 trading hours.

Binance has been actively expanding its range of products and services in recent months. In addition to listing new perpetual contracts, the exchange has also launched a number of new features and services, including a decentralized exchange (DEX) and a margin trading platform. The exchange has also been expanding its global presence, with offices in a number of countries around the world.

The listing of GPS and SHELL perpetual contracts is a significant development for the cryptocurrency market. It is expected to attract more traders to the Binance platform and increase liquidity in the GPS and SHELL markets. As the cryptocurrency market continues to grow and evolve, exchanges like Binance will play a crucial role in providing traders with the tools and services they need to participate in the market.