Binance Futures Unveils VINEUSDT and PIPPINUSDT Perpetual Contracts

Coin WorldSunday, Jan 26, 2025 5:17 pm ET
1min read

Binance Futures, a leading cryptocurrency derivatives platform, has launched two new perpetual contracts: VINEUSDT and PIPPINUSDT. These contracts, introduced on January 24, 2025, aim to provide traders with maximum exposure to emerging memecoins with unique applications.

VINEUSDT is based on Vine Coin, a Solana-based memecoin created by Rus, co-founder of Vine. PIPPINUSDT, on the other hand, focuses on the AI-driven PIPPIN token. Both contracts offer leverage up to 25x, catering to professional traders seeking to amplify their positions. The use of USDT as the settlement asset ensures traders can manage their positions in a stablecoin, even in volatile market conditions.

The launch of VINEUSDT and PIPPINUSDT is set for 10:00 UTC and 10:15 UTC, respectively. Both contracts will have a tick size of 0.00001 and a capped funding rate of +2.00% / -2.00%, which will help control funding cost imbalances. Funding fees will be settled every four hours, adjusting market conditions. Additionally, Binance Futures supports Multi-Asset Mode, allowing users to manage multiple asset types through the same account.

Traders can leverage up to 25x for Vine Coin and PIPPIN token exposure. However, Binance Futures cautions users to practice careful risk management, as high leverage amplifies both gains and losses. Binance encourages responsible trading practices to help users better navigate the markets.

This move is part of Binance's ongoing efforts to provide a wide variety of crypto trading options. It is important to note that listing on Binance Futures does not guarantee a spot on Binance's spot market. As with all futures contracts, market risk conditions may affect changes in contract specifications over time, such as funding fees, tick size, and maximum leverage. Binance recommends that users stay informed about such changes to promote a fair and secure trading environment.

With the launch of VINEUSDT and PIPPINUSDT, Binance Futures is opening up new trading opportunities in two of the most popular memecoins in the Solana ecosystem, providing traders with more flexibility and exposure to emerging blockchain-based assets.