Binance Launches Futures Trading for SLERF and SCRT

Key Points

• Binance Futures will launch the two Perpetual Contracts at 11:30 (UTC).
• The coins recorded significant price surges following the announcement.

Binance announced futures contract listings for Slerf (SLERF) and Secret (SCRT) later today.

The exchange will launch SLERFUSDT and SCRTUSDT Perpetual Contracts at 11:30 (UTC), with up to 75x leverage.

Binance has been intensively launching new futures to expand the trading choices for users and to enhance their overall experience on the platform.

Following the exchange’s announcement, the two coins recorded significant price surges.

SLERF and SCRT Prices Rise

SLERF saw a price spike from levels of $0.29 close to $0.4 following Binance’s listing announcement.

At the moment of writing this article, SLERF’s price is up by 35% in the past 24 hours, and its market cap is getting closer to $200 million.

After hitting a 7-day peak above $0.46, SLERF recorded a descendant trajectory until today when the exchange made the listing announcement. SLERF is a memecoin and its image is a cute sloth.

Secret (SCRT) also recorded a significant price rise earlier today, but not as impressive as the one seen by SLERF. At the moment of writing this article, SCRT is trading above $0.33, up by 4% in the past 24 hours.

The coin surged by $0.3 levels to current prices after Binance announced the futures listing for SCRT later today.

Now, the coin has a market cap of over $98 million, after surging from $88 million earlier.

On November 17, the coin’s price spiked from $0.23 levels, reaching a peak at $0.52, before seeing a downward trajectory that reversed today.

On November 18, the team at Secret Network shared a post via X, highlighting the surge in IBC activity. The network saw almost 9,000 transactions and over $2.2 million in volume.

Secret (SCRT) is a privacy-oriented blockchain built on Cosmos. Its smart contracts are called Secret Contracts and they allow dApps to use private data on Secret, similar to how smart contracts operate on other blockchains.

Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data.