Binance Futures, the futures trading arm of the Binance exchange, has announced the launch of futures trading for three altcoins, GRIFFAINUSDT, AI16ZUSDT, and ZEREBROUSDT, aiming to offer users new trading opportunities with leverage up to 75 times. These contracts are expected to enhance user experience by providing more options in various market conditions.
Details on New Altcoin Futures
The initial trading hours for these altcoins are set according to specified time frames on January 2, 2025. The trading times are announced as 16:30 UTC for GRIFFAINUSDT, 16:45 UTC for AI16ZUSDT, and 17:00 UTC for ZEREBROUSDT.
Binance aims to broaden trading options with the introduction of these new futures contracts. Each contract will have a maximum funding rate of +/- 2.00%, recalculated every four hours, allowing traders to adapt their strategies based on market fluctuations.
In an effort to facilitate user convenience, Binance Futures will also implement a Multi-Assets Mode feature, allowing users to trade with different collateral types. For instance, users can utilize BTC as collateral for these new futures contracts.
Following the announcement, altcoin prices surged significantly, with each coin gaining between 10% to 30% in value, according to CoinMarketCap data.
Contract Verification Addresses for Altcoins Shared
Along with these developments, Binance has shared specific verification addresses for each altcoin. The verification address for GRIFFAINUSDT is KENJSUYLASHUMfHyy5o4Hp2FdNqZg1AsUPhfH2kYvEP, for AI16ZUSDT is HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC, and for ZEREBROUSDT is 8x5VqbHA8D7NkD52uNuS5nnt3PwA8pLD34ymskeSo2Wn.
Binance advises users to confirm contracts using these verification addresses to ensure safe trading. Any changes or updates will be communicated to users to maintain transparency.
