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

Cryptocurrency exchange Binance will list perpetual USDT contracts for Aerodrome and KAIA on December 4. Following the announcement, AERO saw a nearly 20% increase in prices.

In a notification published by Binance Futures, the platform announced that it will launch the KAIAUSDT Perpetual Contract and AEROUSDT Perpetual Contract. Both permanent contracts will be available on the platform from December 4; The KAIAUSDT perpetual contract will be published at 14:00 UTC, and the AEROUSDT perpetual contract will be published at 14:15 UTC.

The maximum funding rate at launch for KAIAUSDT and AEROUSDT perpetual contracts 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 75x leverage and will be supported for multi-asset mode by Binance Futures after the launch date.

Aerodrome’s native token saw a rise in price following its listing on Binance Futures on December 4, 2024 | Source: CoinGecko

Shortly after Binance announced the launch of the AEROUSDT perpetual contract, AERO rose 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 last 24 hours, the token accumulated a trading volume of $159 million. AERO has a circulating supply of 702 million tokens.

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

Meanwhile, there was an increase of approximately 10% in the price of KAIA. 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 of people in Asia via their preferred messaging apps.