INIT Debuts on Major Exchanges With 1,000,000 INIT Trading Promotion

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