Binance launches AERO and KAIA USDT Perpetual Contracts on Dec. 4

Cryptocurrency exchange Binance will list USDT perpetual contracts for Aerodrome and KAIA on Dec. 4. Following the announcement, AERO saw its price spike by nearly 20%.

In a notice published by Binance Futures, the platform announced that it will launch KAIAUSDT Perpetual Contract and AEROUSDT Perpetual Contract. Both perpetual contracts will be available on the platform starting Dec. 4, with the KAIAUSDT perpetual contract launching at 14:00 UTC and the AEROUSDT perpetual contract releasing at 14:15 UTC.

The maximum financing rate for KAIAUSDT and AEROUSDT perpetual contracts at launch will be +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours.

Both perpetual contracts will be offered with up to 75 times leverage and supported for multi-assets mode by Binance Futures after the launch date.

Shortly after Binance announced the launch of the AEROUSDT perpetual contract, AERO soared by nearly 20%. According to data from CoinGecko, the token is currently trading at $1.94. AERO has a market cap of $1.2 billion and a fully diluted valuation of $2.55 billion.

In the past 24 hours, the token has accumulated a trading volume of $159 million. AERO has a circulating supply of 702 million tokens.

AERO is the native token from Aerodrome, the DeFi project with the largest TVL on the Base (BASE) chain. At the time of writing, AERO has not yet been officially listed on Binance spot trading. According to data from DeFi Llama, Aerodrome contributes $1.64 billion to the Base chain, the highest TVL the DeFi project has ever recorded

Meanwhile, KAIA also saw a rise in its price by nearly 10%. KAIA is currently trading at $0.36. KAIA has a market cap of $2.1 billion and a fully diluted valuation of the same value. KAIA is the native token of Kaia, an EVM Layer 1 public blockchain that brings web3 services to hundreds of millions across Asia via their preferred messenger apps.