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Binance and Bybit Expand Aztec (AZTEC) Trading with Futures and Spot Listings

Bybit adds Aztec’s spot market listing while Binance prepares futures contracts, reflecting growing exchange support for Ethereum’s privacy-focused Layer-2 network.

ETH

Summary

Bybit announced the upcoming listing of Aztec (AZTEC) in its spot market, introducing direct trading for the Ethereum-based privacy-first Layer-2 project. This news follows Binance’s earlier disclosure of a 5x leverage perpetual futures contract for Aztec L2, featuring second-by-second mark pricing and tight funding bands. The dual listing across top exchanges signals rising market interest in privacy-focused blockchain solutions.

Terms & Concepts
  • Perpetual futures: A crypto derivative with no expiration date; positions pay or receive periodic funding to track the spot market.
  • Mark price: A reference price used to calculate unrealized PnL and funding; updated frequently to reduce manipulation risk.
  • Layer-2 network: A secondary framework built on top of a blockchain (e.g., Ethereum) to improve scalability and, in Aztec’s case, enhance privacy.