Binance launches PROVE perpetual contracts! 75x leverage ignites the market, institutions and retail investors celebrate in both directions
Binance officially launched the PROVE/USDT perpetual contract on August 10, with a maximum leverage of 75x. The trading volume on the first day exceeded $80 million, becoming the most active derivatives trading pair in the BNB Chain ecosystem!
Trading Strategy Guide:
1. Institutional Arbitrage Model: Asset management institutions like Grayscale hedge spot position risks through contracts. On-chain data shows that institutions have established over $20 million in long positions in the Binance contract market, betting on PROVE breaking through the key level of $1.8.
2. Retail Yield Enhancement: Users can stake BNB through the Binance wallet to participate in the PROVE airdrop, achieving average daily returns of up to 0.5% of the staked principal. Combined with contract swing trading, short-term profit potential expands by 3-5 times.
3. Risk Control Mechanism: Binance introduces a dynamic funding rate and an automatic position reduction system. When the premium rate exceeds 2%, a risk reserve is triggered to ensure market stability.
Market Driving Factors:
The price of PROVE is boosted by the injection of derivatives liquidity, rising from $1.18 to $1.42 within a week of its launch, an increase of 20%. On-chain data shows that retail investors have made over $5 million in profits through contract trading, while institutional holdings account for over 7% of the circulating supply.
