Binance has unveiled three new perpetual contracts on its Futures platform, providing traders with more choices and enhancing the overall trading experience.
The newly launched contracts are for COOKIE/USDT, ALCH/USDT, and SWARMS/USDT, each offering up to 75x leverage.
Listing Starts from January 7th, 2025
The announcement, made on January 7, 2025, signals Binance’s continued efforts to diversify its offerings and cater to a broader range of traders in the rapidly evolving cryptocurrency market.
These new perpetual contracts are designed to provide users with the ability to trade across multiple margin assets. Binance’s Multi-Assets Mode enables users to trade COOKIE, ALCH, and SWARMS perpetual contracts using various digital assets as margin, including BTC, subject to applicable haircuts.
This added flexibility allows for a more tailored trading experience and the ability to optimize margin usage. The maximum funding rate for these new contracts at launch is +2.00% / -2.00%, with funding fees being settled every four hours.
Binance has also indicated that it may adjust the specifications of these contracts based on market risk conditions, which could include changes to the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Market Response and Price Surge
Following the announcement, the prices of the three tokens associated with the newly launched contracts saw impressive gains. Cookie DAO’s utility token, $COOKIE, surged by more than 19% within 24 hours, trading at $0.6683. The token’s market cap now stands at $105.74 million, with a notable increase in its 24-hour trading volume, up by 8.94%.
COOKIE serves as the representation of value in the agentic economy and guarantees that Cookie DAO continues gathering and indexing an ever-growing amount of AI agent data.
Similarly, Alchemist AI’s token, $ALCH, experienced a robust 22% jump in the last 24 hours, with its price reaching $0.194. With a global market cap of $165.69 million and a 34% increase in trading volume, $ALCH continues to gain momentum.
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Alchemist AI, operating on the Solana blockchain, has garnered attention for its AI-powered linguistic transformation technology aimed at creating software applications. Notably, Bitget, a leading cryptocurrency exchange and Web3 company, recently listed Alchemist AI in its Innovation and AI Zone.
The token $SWARMS, associated with the Swarms ecosystem, saw an even more significant price increase, rising by over 36% in the last 24 hours. Trading at $0.4792, SWARMS has experienced a massive 161% jump in trading volume, reflecting its increasing popularity.
The global market cap for $SWARMS now stands at $478.46 million. Several whale investors have shown significant interest in the token, with one prominent investor employing a Dollar Cost Averaging (DCA) strategy.
This whale acquired 7.42 million SWARMS tokens, worth $3.39 million, at an average price of $0.46 per token, showcasing the growing institutional interest in the project.
Strategic Expansion and Market Impact
The launch of these new perpetual contracts underscores Binance’s commitment to expanding its product offerings and meeting the diverse needs of crypto traders.
By providing leveraged trading options for highly trending tokens like COOKIE, ALCH, and SWARMS, Binance aims to capture the growing demand for these digital assets, while also enhancing liquidity and market efficiency.
As the cryptocurrency market continues to mature, Binance’s move to introduce these new contracts is expected to attract more institutional and retail investors, further cementing the exchange’s position as a global leader in the space.
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