Binance Launches Perpetual Futures for CROSS and AIN with 50x Leverage

Binance has announced the launch of perpetual futures contracts for CROSS/USDT and AIN/USDT, with trading set to commence on July 11 at 07:00 UTC and 07:15 UTC respectively. These contracts will offer users the ability to leverage their positions up to 50 times, providing an avenue for traders to amplify their exposure to these emerging cryptocurrencies.

This initiative is part of Binance's broader strategy to expand its derivatives platform and attract traders who are interested in high-risk, high-reward opportunities in the altcoin market. By introducing these new contracts, Binance aims to cater to the growing interest in decentralized technologies and emerging sectors within the crypto space.

CROSS, a Layer 1 blockchain specifically designed for Web3 gaming, offers a range of tools and features that make it an attractive option for developers and gamers alike. These include EVM compatibility, modular tools such as SDKs, a decentralized exchange (DEX), a bridge, and a live wallet. The blockchain is engineered to scale blockchain games while maintaining performance levels comparable to Web2 applications, with a fixed-supply token and no future minting.

AIN, or AI Network, represents another innovative sector within the crypto ecosystem. It functions as a decentralized platform for building and monetizing AI models directly on the blockchain. Often compared to Web3 alternatives of platforms like OpenAI, AIN promotes open, shareable, and incentivized AI development, integrating blockchain technology to enhance the development and deployment of AI models.

With the launch of these perpetual futures contracts, Binance continues to solidify its position as a leading player in the crypto derivatives market. By offering high leverage and exposure to emerging sectors like gaming and decentralized AI, Binance is providing traders with new opportunities to engage with the rapidly evolving crypto landscape.