23-4-2025 – Binance has unveiled a new perpetual contract instrument linked to DeepBook’s native token, offering traders substantial leverage capabilities.
The fresh DEEPUSDT perpetual contract, which commenced trading at 11:30 AM UTC, enables market participants to engage with positions leveraged up to 50 times their initial investment. The instrument maintains its value alignment with Tether’s USDT stablecoin.
Designed with sophisticated parameters, the contract features quarterly funding adjustments and implements strict rate boundaries ranging from positive 2% to negative 2%. This structured approach aims to maintain market stability whilst providing ample trading flexibility.
The rollout dovetails with DeepBook’s recent market presence expansion, having secured listings on both Binance’s spot trading platform and Upbit, a prominent South Korean exchange. As an integral component of the Sui blockchain framework, DeepBook serves as a decentralised market efficiency tool, specifically engineered to address liquidity fragmentation in decentralised finance.
Adding further utility to the offering, Binance plans to incorporate the contract into its Futures Copy Trading mechanism within a day of launch. This integration will enable less experienced traders to mirror the strategic moves of proven performers in the futures market.
