Binance Launches 75x Leverage Stablecoin-Margined Perpetual Contracts for PENGU CVX SLP Expanding Derivatives Offerings

Binance has introduced a new suite of USDⓈ-margined perpetual contracts for the tokens PENGU, CVX, and SLP, effective July 23, 2025. These derivatives, available on its platform, feature up to 75x leverage and are collateralized using stablecoins such as USDC and USDT. The move expands the exchange’s derivatives offerings, targeting both retail and institutional traders seeking diversified exposure and risk management tools in the cryptocurrency market. The contracts, which have no expiry dates, allow traders to maintain positions indefinitely, leveraging stablecoin collateral to mitigate volatility risks associated with traditional coin-margined products.

The new perpetual contracts simplify margin management by using stablecoins as collateral, a design that reduces the volatility of collateral assets and enhances trader confidence. This approach streamlines profit and loss calculations, offering a more predictable trading environment compared to coin-margined derivatives. Binance’s implementation aligns with broader industry trends toward stablecoin integration, aiming to provide a structured framework for managing leveraged positions while addressing common challenges such as margin erosion during crypto price swings.

The launch includes three specific contracts: PENGU/USDC, CVX/USDT, and SLP/USDT. Each pair is accessible with up to 75x leverage, enabling traders to amplify their capital efficiency. The tokens represent distinct blockchain sectors—PENGU as a metaverse-related asset, CVX tied to decentralized finance (DeFi) protocols, and SLP linked to gaming and NFTs. This diversification allows traders to capitalize on emerging trends across niche markets. The contracts were introduced in a staggered timeline: PENGU/USDC at 07:30 UTC, followed by CVX/USDT at 11:30 UTC and SLP/USDT at 11:45 UTC, ensuring system stability during the launch phase.

The 75x leverage feature, while enhancing potential returns, introduces significant risk. Traders using such leverage can control large positions with minimal capital, but adverse price movements may lead to rapid liquidation. Binance has incorporated safeguards, including automated liquidation mechanisms and margin calls, to manage these risks. Users are advised to employ disciplined risk management strategies, such as stop-loss orders and careful position sizing, to navigate the high-volatility environment. The platform’s funding rate structure, which aligns perpetual prices with spot markets, further supports transparency and stability in trading outcomes.

Analysts note that Binance’s move reflects the maturing nature of crypto derivatives, with a growing emphasis on tools that cater to institutional-grade risk management. The adoption of stablecoin collateral addresses a key pain point in leveraged trading—collateral volatility—while expanding access to a broader range of market participants. As the market evolves, demand for such structured products is expected to rise, driven by the need for sophisticated instruments that balance flexibility with stability. This expansion positions Binance to reinforce its leadership in the derivatives space, offering traders innovative solutions that align with the dynamic nature of digital assets.

The launch underscores the platform’s commitment to advancing the crypto derivatives ecosystem. By integrating stablecoin-backed contracts with high leverage, Binance aims to attract a diverse user base, from experienced traders executing complex strategies to newcomers seeking accessible entry points. The strategic timing of the launch, coupled with the inclusion of tokens spanning metaverse, DeFi, and gaming sectors, highlights a focus on capturing cross-sector opportunities. As the market continues to evolve, the availability of such instruments may further drive liquidity and participation, contributing to a more robust and resilient crypto derivatives landscape.