Binance Launches USD-Margined Perpetual Contract for DeepBook (DEEP) Tokens, Triggering a 30% Price Increase

This article examines the market factors behind the rally, its current market effects, and future trading conditions.

Binance launched the USD-margined perpetual contract for DeepBook (DEEP) tokens on April 22, kicking off a chain reaction that saw the token's price surge by 30%. This article delves into the market factors behind the rally, its current market effects, and future trading conditions.

Binance Perpetual Contract Launches With Strong Momentum

On April 22, Binance introduced the DEEPUSDT perpetual contract, offering traders the potential to amplify their initial investment by up to 50x. The anticipation among traders pushed the DEEP token to soar from $0.08707 to hit its 24-hour peak at $0.1827.

As Binance continues its mission for futures market development through new offerings, it aims to increase platform participation and maximize user engagement.

Binance’s introduction of this trading option drives its market activity higher and enhances its reputation as a leading exchange in the cryptocurrency sector.

Through its new contract, Binance provides trading access to experienced traders and new customers who can leverage copy trading features to enhance DEEP token market liquidity and volume.

DEEP Token Sees a Significant Price Surge

Following the announcement by Binance, the DEEP token's trading volume surged by 1504%, reaching $304.7 million. Binance’s market influence becomes evident through this steep price rise of trading assets. The DEEP token had established itself at $0.1165 when this analysis was conducted following an intense price rise.

Image 1- DeepBook Protocol, provided by Emmaculate, published on CoinMarketCap, April 22, 2025.

Market experts remain cautious about the future stability of the price trends because the market shows unpredictable shifts. Market conditions always influence the perpetual contract, so traders must monitor price changes that might affect the token’s upcoming performance.

Is Binance’s Influence Over Crypto Prices Growing Too Strong?

The recent platform update allows traders to seize earnings from the DEEP token. The availability of the perpetual contract, combined with high leverage and copy trading features, enables more traders to invest in trading.

Market participants need to monitor Binance’s forthcoming statements and significant market indicators. The DEEP token price may show more movement in response to additional innovative Binance product releases, while traders must carefully monitor market volatility. Moreover, the recent Upbit listing triggered a rally in the price of the DeepBook protocol.

The DEEP perpetual contract market offers traders high potential benefits and essential risk awareness. Trading with a maximum leverage ratio between 1:50 and 1:50 enables users to enhance their profits, but the potential risks increase proportionately. Beginners can leverage copy trading advantages, yet every trader must practice proper risk management methods because of the high volatility of crypto assets.

What’s Next For DeepBook?

The momentum created by Binance might transform into future integration possibilities for alternative tokens, showing an industry trend toward less popular cryptocurrencies. Typical traders must both follow market information and select their entry points carefully.

The recent Binance update shows clear evidence that the DeepBook (DEEP) token has received significant attention. The strong surge in the token's price demonstrates the considerable power Binance possesses when steering cryptocurrency asset markets. Only time will reveal if the market adjustments lead to lasting increases in the token's price.