Binance Launches Fartcoin Perpetual Following Community Hype

Binance has expanded its offerings by launching new USD-margined perpetual contracts for several new crypto assets, including Solana’s Fartcoin (FARTCOIN), with up to 75x leverage. 

These contracts, launched on December 20, 2024, provide traders with exciting opportunities for high-leverage trading on the platform. The new contracts include AIXBT, KMNO, Solana’s Fartcoin, and CGPT, all designed to cater to various trading preferences.

The contracts launched with AIXBTUSDT at 18:30 UTC, followed by FARTCOINUSDT at 18:45 UTC. The KMNOUSDT and CGPTUSDT contracts were introduced shortly after, at 19:00 and 19:15 UTC, respectively.

Binance also offers Multi-Assets Mode, allowing traders to use alternative margin assets like BTC for these contracts, providing greater flexibility and efficiency. Following the announcement, 

Fartcoin’s price surged by over 10%, from $1.10 to $1.21. Similarly, AIXBT, KMNO, and CGPT experienced significant price movements, with KMNO climbing 10% and CGPT rising by 22%. These price increases reflect growing interest and trading volume in these newly listed contracts.

Binance Futures’ move to offer these high-demand tokens continues its strategy of listing popular cryptocurrencies with the potential for strong price growth and high trading volumes.

Also Read: Fartcoin Surpasses $1B Market Cap While Altcoin Market Falls