The world's largest cryptocurrency exchange, Binance, announced that it will list two new altcoins for futures trading.
According to Binance's announcement on Tuesday, April 30, the exchange will open Tether (USDT) margin perpetual futures contracts for Pundi X (PUNDIX) and Shentu (CTK) with a maximum leverage of 75x.
The PUNDIXUSDT contract will open for trading at 13:00 TRT, while the CTKUSDT contract will open at 13:15 TRT. Pundi X stands out as a project aiming to transform retail businesses with blockchain-supported point-of-sale (POS) devices. Shentu is introduced as a delegated proof-of-stake based blockchain infrastructure that prioritizes security and focuses particularly on sensitive applications such as DeFi, NFTs, and autonomous systems.
Binance stated that the funding rates will initially be between -2.00% and +2.00% and will be updated every 4 hours. However, it emphasized that changes could be made to funding rates, maximum leverage ratios, and trading limits depending on market conditions.
Binance also announced that the mentioned futures contracts support the Multi-Assets Mode feature. With this feature, users will be able to trade in contracts with different collateral assets such as Bitcoin. It was stated that these futures contracts will also be activated within 24 hours in Binance's Futures Copy Trading system.
According to CoinGecko data, the announcement from Binance has reflected in the prices. PUNDIX is trading at $0.5829 with a 58.4% increase in the last 24 hours, while CTK is trading at $0.4648 with a 37.3% increase.