Binance Futures Launches BRUSDT, PLUMEUSDT Contracts With 25x Leverage

Binance Futures has announced the launch of two new USDT-margined perpetual contracts, BRUSDT and PLUMEUSDT, starting March 21. The BRUSDT perpetual contract will be available at 12:45 UTC, followed by the PLUMEUSDT perpetual contract at 13:00 UTC. Both contracts will offer up to 25x leverage and will be supported in multi-assets mode, with a maximum financing rate set at +2.00% and -2.00% at launch. Funding fee calculations will occur every four hours.

The launch of these perpetual contracts follows Binance's Bedrock token generation event, which took place on March 20. During this event, eligible users received a total of 50 million br tokens, representing 5% of the total token supply. Bedrock is a liquid restaking protocol built on the BNB Smart Chain, enabling Bitcoin staking through uniBTC. This protocol allows traders to earn rewards while maintaining liquidity through BTC.

Additionally, Binance's investment arm, YZi Labs, recently announced its investment in Plume Network, a modular blockchain designed to bring real-world assets on-chain. This investment has garnered significant attention, with Plume's testnet boasting over 18 million wallets and partnerships with over 180 protocols. The native token of Plume Network, PLUME, experienced a surge to a new all-time high following the announcement of YZi Labs' investment.

The launch of these perpetual contracts on Binance Futures is a strategic move that aligns with the growing interest in decentralized finance (DeFi) and the increasing demand for innovative financial products in the crypto market. By offering perpetual contracts for BR and PLUME, Binance Futures is providing traders with new opportunities to engage with these emerging assets. The high leverage options and multi-assets mode support further enhance the appeal of these contracts, allowing traders to maximize their potential returns while managing risk effectively.

The introduction of these perpetual contracts also reflects the broader trend of integration between traditional financial instruments and the crypto ecosystem. Perpetual contracts, which do not have an expiration date, offer traders the flexibility to hold positions for extended periods, making them a popular choice for both short-term and long-term trading strategies. The support for multi-assets mode further expands the utility of these contracts, enabling traders to diversify their portfolios and explore new investment opportunities.

In summary, the launch of BRUSDT and PLUMEUSDT perpetual contracts by Binance Futures marks a significant development in the crypto derivatives market. These contracts provide traders with new avenues to engage with emerging assets, leveraging the growing interest in DeFi and the increasing demand for innovative financial products. The strategic timing of these launches, following Binance's Bedrock token generation event and YZi Labs' investment in Plume Network, underscores the dynamic nature of the crypto market and the continuous evolution of financial instruments within this space.