Binance Futures to Launch New Perpetual Contracts with Up to 75x Leverage

According to the announcement from Binance, the platform is set to expand its trading options on Binance Futures by introducing new perpetual contracts. These contracts will be available starting on July 23, 2025, and include PENGUUSDC, CVXUSDT, and SLPUSDT, each offering up to 75x leverage. The PENGUUSDC contract will launch at 07:30 (UTC), followed by CVXUSDT at 11:30 (UTC), and SLPUSDT at 11:45 (UTC). These contracts are designed to enhance the trading experience by providing users with more leverage options and flexibility. The underlying assets for these contracts are Pudgy Penguins (PENGU), Convex Finance (CVX), and Smooth Love Potion (SLP). PENGU is the official token of the Pudgy Penguins ecosystem, CVX is used to optimize earnings on Curve Finance, and SLP is an ERC-20 token on the Axie Infinity platform used for breeding digital pets. The contracts will settle in USDC or USDT, depending on the specific contract, and will support trading 24/7. The maximum funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours. Additionally, the Multi-Assets Mode allows users to trade these contracts across multiple margin assets, such as using BTC as margin. Binance notes that the specifications of these contracts, including funding fees, tick size, and leverage, may be adjusted based on market conditions. The PENGUUSDC contract will not be available for Futures Copy Trading within 24 hours of launch, unlike the other contracts. Users are advised to refer to the Binance Terms of Use and Futures Service Agreement for more details. It is important to note that futures and spot token listings are not correlated, and a futures listing does not guarantee a spot listing.