INIT Debuts on Major Exchanges With 462.9M Volume and Massive 1,000,000 INIT Trading Promotion

INIT was listed on Binance, Kraken, and KuCoin on April 24, 2025. Binance introduced spot and perpetual contracts for the INIT/USDT pair and launched a trading promotion with a 1,000,000 INIT prize pool from April 24 to May 1, 2025. INIT is the native token of the Initia platform, which uses a modular Layer 1 and Layer 2 architecture built on Cosmos SDK and supports EVM and CosmWasm smart contracts, with a capped supply of 1 billion tokens. In the first 24 hours after listing, the INIT/USDT pair saw a trading volume of 462.90 million INIT and 320.45 million USDT. On April 25, 2025, BitMEX opened INITUSDT perpetual contract trading with up to 50x leverage, and Hotcoin launched INIT/USDT perpetual contracts with up to 75x leverage.