Deep Tide TechFlow News, on August 5, according to the official announcement, Binance announced that it will launch TOWNSUSDT and PROVEUSDT perpetual contracts on August 5, 2025. According to the announcement, the TOWNS perpetual contract will go live at 22:30 Beijing time, while the PROVE perpetual contract will open for trading at 1:00 the next day.

Both contracts support up to 75x leverage trading, using USDT as the settlement asset, with a funding rate cap of plus or minus 2%, and settlements occurring every 4 hours. Additionally, these contracts support a multi-asset margin model, allowing traders to use various assets, including Bitcoin, as collateral.