Binance Futures Announces New VINEUSDT and PIPPINUSDT Perpetual Contracts

Binance Futures has announced two new interesting perpetual contracts: VINEUSDT and PIPPINUSDT. Both contracts were launched on January 24, 2025

Binance Futures has announced the launch of two new perpetual contracts: VINEUSDT and PIPPINUSDT. These contracts will be available to trade from 10:00 UTC on January 24, 2025.

VINEUSDT is a perpetual contract that tracks the price of Vine Coin (VINE), a Solana-based memecoin created by Rus, co-founder of the now-defunct short-form video hosting service Vine. PIPPINUSDT, on the other hand, is a perpetual contract that tracks the price of PIPPIN (PIP), an AI-driven token that powers the PIPPIN decentralized search engine.

Both VINEUSDT and PIPPINUSDT contracts will be available with up to 25x leverage, catering to the needs of professional traders seeking amplified exposure to these emerging memecoins. Additionally, these contracts will utilize USDT as the settlement asset, providing traders with the convenience of managing their positions in a stablecoin amidst the volatile nature of memecoin markets.

To further enhance the trading experience, both VINEUSDT and PIPPINUSDT will feature a tick size of 0.00001. These contracts will also be subject to a capped funding rate of +2.00% / -2.00% to control any imbalances in funding costs. Notably, funding fees will be settled every four hours to adapt swiftly to the changing market conditions.

Furthermore, Binance Futures also supports Multi-Asset Mode, enabling users to trade and manage positions across multiple asset classes seamlessly within the same account. This integration caters to the diverse trading needs of users.

It's important to note that high leverage can amplify both gains and losses. Therefore, Binance Futures users are advised to practice careful risk management and utilize the tools provided to navigate the markets effectively.

As always, Binance strives to provide a vast and diverse range of crypto trading options. However, it's crucial to mention that a listing on Binance Futures does not guarantee a spot on Binance's spot market.

In line with the dynamic nature of futures contracts, market risk conditions may necessitate adjustments to contract specifications over time. These changes could affect funding fees, tick size, and maximum leverage, among other parameters. Binance Futures urges users to stay informed about such modifications as they are implemented to maintain a fair and secure trading environment on Binance Futures.