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Binance Futures, the futures trading arm of the Binance exchange, announced the launch of new futures contracts: COOKIEUSDT, ALCHUSDT, and SWARMSUSDT. Set to begin trading on January 7, 2025, these contracts will offer users leverage of up to 75 times. Starting from the designated times, users will have access to these contracts and will incur a funding fee every four hours.
Details on New Futures Contracts
According to the announcement by Binance Futures, the COOKIEUSDT futures contract will commence trading on January 7, 2025, at 14:30 UTC. The ALCHUSDT futures contract will begin at 14:45 UTC, while the SWARMSUSDT futures contract will start at 15:15 UTC.
These futures contracts allow traders to develop flexible trading strategies. Initially set at a maximum funding rate of +/- 2%, the trading conditions for these pairs have been optimized according to market demands.
The new futures contracts are based on previously listed projects in the Binance Alpha Market, including Cookie DAO, Alchemist AI, and Swarms. The prior listing of these projects is seen as a factor that enhances user confidence. With these new trading options, Binance Futures aims to increase trading volume and improve user experience.
Price Surge Following Announcement
Following the listing announcement by Binance Futures, the prices of three altcoins surged significantly. The prices of COOKIE, ALCH, and SWARMS increased by over 10%, reflecting a positive market reaction to the news.
