Binance Futures Introduces Perpetual Contracts for AERO and KAIA

• Binance Futures launches AERO and KAIA perpetual contracts with up to 75x leverage on Dec 4.
• AERO’s price surged 20% to a $1.33 billion market cap after Binance listing.
• KAIA climbs 10% to a $2.1 billion market cap following its Binance Futures debut.

Binance Futures has announced the official listing of Aerodrome Finance (AERO) and Kaia (KAIA) Perpetual Contracts in the USD-margined segment. The listing on December 4, 2024, with KAIAUSDT contracts launching at 14:00 UTC and AEROUSDT contracts launching at 14:15 UTC. Both contracts provide traders with leverage of up to 75x, providing a trader with an opportunity to trade. These contracts are normally denominated in the U.S. Dollar Tether (USDT), a stablecoin for the cryptocurrency market.

The new perpetual contracts encompass funding rates, redesigned to adjust every four hours and capped at a 2% limit. They helped manage the market by balancing off the long and short positions. Binance Futures. The unit of Binance (BNB), the largest cryptocurrency exchange in terms of trading volume, offers diverse trading instruments to its clients. New platforms AERO and KAIA expand the product portfolio for traders who want to trade in DeFi and Layer 1 projects.

Market Impact Following Listing Announcement

Aerodrome Finance’s AERO token soared in price after announcing the new listings. The movement in AERO price within 30 minutes of the listing went up by nearly 20% and was traded at $1.96. This high volatility increased the market capitalization of AERO to over $1.33 billion. According to CoinMarketCap, it has made it the 98th largest cryptocurrency. Furthermore, the trading volume of AERO in its pairs also rose by 50% overnight, showing more investor’s interest.

Likewise, Kaia’s holding of KAIA tokens saw a positive market reaction. After the announcement of the listing, the share price of KAIA increased by almost 10% to $0.36. This increase raised KAIA’s market capitalization to $2.1 billion, ranking it higher than EOS and GALA. The increase in the price of KAIA indicates high appreciation from the market, which the newly renamed rebranding project, Klaytn, as Kaia.

Overview of AERO and KAIA Tokens

AERO is the original utility and governing token of Aerodrome Finance ($AFI), occupied by the largest DeFi on Coinbase’s Layer 2 secondary solution. According to DeFi Llama, Aerodrome Finance has over $1.64 billion in total value locked (TVL), establishing its position in DeFi. The AERO token acts as the platform’s governance and utility token, allowing its holders to make and vote on decisions and access different services the protocol offers.

KAIA is the native coin of Kaia, an EVM-compatible Layer 1 blockchain. Kaia was founded earlier this year from the merger of Klaytn and Finschnia projects to expand Web 3 services to millions of Asians through popular messengers. The token’s utility is its ability to perform the network’s operations, transactions, governance, and development of decentralized applications (dApps) on the Kaia blockchain.