Binance Launches Three Altcoin Futures Contracts with 75x Leverage to Boost Liquidity and Altcoin Access

Binance Futures has announced the launch of three new USDⓈ-margined perpetual futures contracts on July 23, 2025, as part of its ongoing effort to diversify its product offerings and cater to evolving market demands. The new trading pairs—PENGUUSDC, CVXUSDT, and SLPUSDT—will become available at staggered times throughout the day, with leverage support of up to 75x for each contract. The platform emphasizes these additions as a step toward enhancing liquidity and providing traders with access to a broader range of altcoin assets.

The PENGUUSDC perpetual contract will launch at 10:30 AM on July 23, followed by CVXUSDT at 2:30 PM and SLPUSDT at 14:45 PM (all times local to the platform). PENGU, the native token of the Pudgy Penguins ecosystem, is designed for community-driven NFT and Web3 initiatives. CVX, issued by Convex Finance, optimizes staking efficiency for Curve Finance users through a "boost" mechanism, while SLP, the ERC-20 token of Axie Infinity, serves as a utility token for generating digital collectibles known as Axies. These projects represent distinct sectors within the crypto ecosystem, spanning blockchain gaming, DeFi, and NFT communities.

The introduction of 75x leverage highlights Binance’s recognition of demand for amplified exposure to volatile assets, a feature that may attract both experienced and novice traders. However, the high leverage also underscores the risks inherent to leveraged trading, particularly in markets where asset prices can fluctuate rapidly. The timing of the launch aligns with a broader recovery phase in the crypto market, potentially positioning these contracts to capitalize on renewed interest in altcoin trading.

The inclusion of these tokens reflects a strategic focus on niche projects with strong community engagement. Pudgy Penguins has gained traction in the NFT space through its meme-inspired avatars, while Axie Infinity’s SLP remains a cornerstone of the play-to-earn gaming model. Convex Finance’s CVX further solidifies Binance’s alignment with DeFi protocols that streamline yield-generating strategies. By offering futures for these tokens, Binance appears to be responding to user demand for hedging and speculative opportunities in sectors beyond major cryptocurrencies like Bitcoin and Ethereum.

From a market structure perspective, the new contracts could enhance liquidity for the listed tokens, potentially stabilizing price discovery and reducing bid-ask spreads. This is particularly relevant for projects where token utility is closely tied to active user participation. For traders, futures provide a tool to manage risk or capitalize on price movements without holding the underlying assets. The move also reinforces Binance’s position as a leader in crypto derivatives, competing with platforms that have similarly expanded their product suites in recent months.

By integrating PENGU, CVX, and SLP into its futures platform, Binance demonstrates a proactive approach to adapting to market trends and user preferences. The 75x leverage option, while inherently risky, underscores the platform’s focus on providing tools for both speculative and hedging purposes. As the crypto market continues to evolve, such strategic expansions may play a critical role in shaping the future of digital asset trading.