INIT Debuts on Major Exchanges With 462.9M Tokens Traded and 1 Million INIT Prize Pool

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