INIT Debuts on Binance and BitMEX With Major Promotions, Perpetuals, and Layer 1 Utility Spotlighted

INIT was listed on Binance on April 24, 2025, with INIT/USDT spot and perpetual contracts. Binance is running a spot trading promotion for INIT/USDT with a 1,000,000 INIT prize pool from April 24 to May 1, 2025. INITUSDT perpetual contracts on Binance offer up to 5x leverage and are available for Futures Copy Trading. INIT is the native token of the Initia platform, which uses Layer 1 and Layer 2 architecture, is built on Cosmos SDK, supports EVM and CosmWasm smart contracts, and is used for transaction fees, staking, network security, and governance. BitMEX announced INITUSDT perpetual contracts with up to 50x leverage, starting trading on April 25, 2025.