Binance has announced the launch of the BABYUSDT perpetual contract, providing traders with leveraged exposure to Babylon, a Bitcoin staking protocol that allows BTC holders to earn rewards through staking.
The new contract, available on Binance Futures from April 5 at 13:30 UTC, offers up to 5x leverage, with a capped funding rate of +2.00% / -2.00%. This move underscores Binance’s continued strategy to expand into emerging sectors of the crypto ecosystem and provide users with diverse trading options.
Babylon is gaining traction as it enables Bitcoin holders to contribute to Proof-of-Stake security while earning passive income. Binance's decision to support the protocol through a futures listing comes on the heels of growing institutional and community interest in Bitcoin staking infrastructure. The perpetual contract will initially operate as a pre-market futures product using a "Mark Price" methodology to manage volatility before transitioning into a standard perpetual contract once a stable index price from spot trading can be established.
Binance clarified that the conclusion of the pre-market phase will be announced separately to ensure clarity for traders. This listing follows Binance Labs' earlier investment in Babylon and reflects the exchange’s continued emphasis on advancing decentralized financial innovation tied to Bitcoin.
The announcement also arrives amid a flurry of new token listings on Binance, including Broccoli, TUT, and others, while the platform continues to hold off on adding the increasingly popular Pi Network. With additional tokens like Hyperliquid, Mantle, and Kaspa expected soon, Binance is maintaining its position as a go-to hub for accessing emerging market opportunities in the crypto space.
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