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BEAT Jumps 24% as Binance Futures Announces Perpetual Contracts Launch

BEAT’s price surge coincided with Binance’s launch of BEATUSDT perpetual contracts, pushing trading volume past $1.27 billion and market cap to $226 million.

Summary

On Nov. 12, BEAT rallied over 40% to $0.23, setting its market cap at $226 million and 24-hour trading volume above $1.27 billion. Binance Futures announced that BEATUSDT perpetual contracts would go live the same day at 20:15 UTC+8, further fueling trading activity.

Terms & Concepts
  • Perpetual Contracts: A type of cryptocurrency futures contract without an expiry date, allowing traders to maintain positions indefinitely.
  • Binance Futures: The derivatives trading platform of Binance, offering futures contracts and leveraged cryptocurrency trading.
  • Trading Volume: The total value of an asset traded over a specific time period, indicating market activity and liquidity.