Binance Futures Finally Lists Largest Base DeFi Token, Price Rocketing

Aerodrome Finance (AERO), the largest DeFi protocol on Coinbase's L2 Base, and Kaia (KAIA), a product of Klaytn's rebranding, have seen their key tokens listed by Binance Futures in the USD-margined section. Both assets are available for trading with up to 75x leverage.

Binance Futures lists KAIA, AERO contracts with 75x margin

Starting today, Dec. 4, 2024, Binance Futures, a derivatives unit of the world's largest crypto exchange, Binance (BNB), supports KAIAUSDT and AEROUSDT Perpetual Contracts. Both products are available in a USD-margined contracts toolkit.

The contracts can be traded with up to 75x leverage. The KAIAUSDT perpetual contract debuts on Binance Futures at 2:00 p.m. UTC, while AEROUSDT arrives 15 minutes later. U.S. Dollar Tether (USDT) stablecoin is a settlement asset for the new offerings.

Funding rates for the perpetual contracts will be adjusted every four hours, with a 2% limit. 

KAIA is the core native cryptocurrency of Kaia, a brand-new L1 that kicked off as a result of a strategic merger between the Klaytn and Finschia projects that happened earlier this year. AERO is a utility and governance cryptocurrency of Aerodrome Finance (AERO), the largest DeFi protocol on Base L2 by total value locked (TVL).

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As covered by U.Today previously, Binance Futures made headlines in October by listing MOODENG, SANTOS and SAFE USDT-settled contracts with 75x leverage.

AERO price jumps by 20% in no time

Aerodrome Finance's AERO soared to new local high today. In less than 30 minutes, the asset added 20% and peaked at $1.96.

With this upsurge, the token's marker cap crossed a $1.33 billion valuation. The token replaced overhyped meme coin Peanut The Squirrel (PNUT) as the 98th largest cryptocurrency, CoinMarketCap states.

The trading volume in AERO pairs rocketed by 50% overnight. At the same time, the KAIA price reacted to the listing announcement with a 10% price upsurge. The token surpassed EOS and GALA heavyweights and is almost ready to smash FLOKI meme coin by market cap.

The market benchmark is up 3.43% for the crypto segment in the last 24 hours.