Binance, the world’s largest cryptocurrency exchange by trading volume, has made significant announcements regarding its offerings. On December 23, 2024, Binance Futures introduced HIVE/USDT perpetual contracts with up to 75x leverage, leading to an immediate 11% surge in HIVE’s price to $0.41. This move not only broadens the trading options for users but also signals strong market interest in HIVE.
In addition to this, Binance has added BIO Protocol to its Launchpad platform, marking it as the 63rd project to be featured. BIO Protocol is focused on Decentralized Science (DeSci), aiming to revolutionize decentralized research and collaboration. Users can participate in the Launchpool by staking BNB and FDUSD to farm BIO tokens, with farming commencing from December 24 to January 2, 2025. Trading for BIO on Binance will begin on January 3, 2025, with pairs including USDT, BNB, FDUSD, and TRY.
These expansions are indicative of Binance’s strategy to diversify its product offerings, providing users with opportunities to engage with emerging tokens and leverage trading. The introduction of HIVE futures and the integration of BIO Protocol into Launchpad reflect Binance’s commitment to fostering innovation in the crypto space, particularly in areas like DeSci and high-leverage trading.
The launch of these new products has already stirred the market, with HIVE experiencing significant price movement and increased trading volume. This demonstrates the impact of Binance’s listings and leverage options on cryptocurrency asset performance. As the crypto ecosystem continues to evolve, such initiatives by major exchanges like Binance are crucial for the growth and adoption of new blockchain projects and technologies.
x Powered by GROK AI.