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Binance Futures has officially announced the launch of two new USDT-margined perpetual contracts: BRUSDT and PLUMEUSDT. These contracts follow Binance’s Bedrock token generation event and YZi Labs’ investment in the Plume Network.

Launch Details for BRUSDT and PLUMEUSDT Perpetual Contracts

The crypto exchange revealed that both perpetual contracts will be available on Binance Futures starting March 21. The BRUSDT Perpetual Contract will launch first at 12:45 UTC, followed by the PLUMEUSDT Perpetual Contract at 13:00 UTC.

Traders can access these contracts with leverage of up to 25x, offering opportunities for both beginners and seasoned investors to maximize their positions. Additionally, the contracts will support multi-assets mode, allowing users to use various cryptocurrencies as collateral. At launch, the maximum funding rates for these perpetual contracts will be set at +2.00% and -2.00%, with funding fee calculations occurring every four hours.

Binance’s Bedrock Token Generation Event

Leading up to the perpetual contracts launch, Binance hosted an exclusive token generation event for Bedrock on March 20. The event was held between 10:00 AM UTC and 12:00 PM UTC, during which eligible participants received a total of 50 million BR tokens—representing 5% of the total token supply.

Bedrock is a liquid restaking protocol built on the BNB Smart Chain, designed to enable Bitcoin staking through uniBTC. This innovative token allows traders to earn staking rewards while maintaining liquidity in their Bitcoin holdings.

BR and PLUME Price Movements

As of now, the BR token has seen a price increase of over 10% in the last 24 hours, trading at $0.17. However, it has dropped 12.7% from its previous high of $0.19. Interestingly, despite the announcement of the perpetual contracts, BR experienced a slight decline of nearly 6% in the past hour.

Meanwhile, PLUME’s price has shown mixed movements. Following the announcement of its perpetual contracts on Binance Futures, PLUME gained 4% but has since decreased by nearly 10% over the last 24 hours. The token is currently trading at $0.204, down from its recent all-time high of $0.24 reached earlier this week.

YZi Labs’ Investment in Plume Network

On March 17, YZi Labs, Binance’s investment arm, announced a strategic investment in the Plume Network. This modular blockchain aims to bring real-world assets on-chain, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). According to YZi Labs, Plume’s testnet has already attracted significant traction, with over 18 million wallets participating and partnerships established with more than 180 protocols.

Key Takeaways for Traders

For those interested in trading the new perpetual contracts, here are a few tips:

  • Leverage Wisely: While 25x leverage can amplify gains, it also increases risks. Beginners should start with lower leverage to minimize potential losses.
  • Monitor Funding Rates: Keep an eye on the funding rates (+2.00% and -2.00% at launch) and ensure you understand how they impact your positions.
  • Stay Updated: Price movements for BR and PLUME can be volatile. Regularly check market updates and trends to make informed decisions.

Whether you’re a seasoned trader or new to cryptocurrency investing, the launch of BRUSDT and PLUMEUSDT perpetual contracts on Binance Futures provides exciting opportunities to explore emerging blockchain ecosystems like Bedrock and Plume Network.

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