CLANKER Surges 17% as Binance Plans Perpetual Contract Listing

Binance expands its derivatives portfolio with USDⓈ-Margined CLANKERUSDT and BEATUSDT perpetual contracts, enhancing leverage opportunities for traders seeking stablecoin-settled flexibility.

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Summary

Binance has officially launched USDⓈ-Margined perpetual contracts for CLANKERUSDT and BEATUSDT on its futures platform, adding to its growing range of crypto derivatives. A perpetual contract allows holding positions indefinitely without expiry, settled in stablecoins like USDT or BUSD. The listing follows a 17% price surge in CLANKER, lifting its market capitalization above $70 million, and reflects Binance’s strategy to provide diverse leveraged products to meet trader demand.

Terms & Concepts
  • Perpetual Contract: A type of futures contract in cryptocurrency trading that has no expiration date, allowing traders to hold positions indefinitely.
  • CLANKERUSDT: A trading pair representing the CLANKER token against Tether (USDT), used in futures and spot markets.
  • USDⓈ-Margined: A margin type in Binance futures settled in stablecoins like USDT or BUSD, offering a standard value reference in USD.