Binance launched BIRB/USDT and GWEI/USDT perpetual contracts with up to 50x leverage and multi-asset mode. Both contracts allow trading without an expiration date and the use of other cryptocurrencies in positions. After the announcement, BIRB rose 12% and GWEI gained 30%.
The exchange also removed tokens that do not meet its criteria: WIZARD, SHOGGOTH, G, FWOG, UFD, BRIC, UPTOP, PORT3, XNAP, MORE, BOMB, and BOOST. BOOST recorded the largest drop, losing more than 70% of its value. Several spot pairs, including AXS/ETH, NEAR/BNB, SEI/BNB, and SKL/BTC, will be deactivated on January 30.
The market experienced a sharp correction. Bitcoin fell below $85,000, dragging other assets down, while Ethereum barely exceeded $2,800.
Price report:
- BIRB/USDT: $0.152 (+12%)
- GWEI/USDT: $0.038 (+30%)
The sudden jumps in BIRB and GWEI were an immediate reaction to the launch of the new perpetual contracts on Binance.
Source: https://www.binance.com/en/support/announcement/detail/f36f2df72ca44c53bed7b9c08f303788
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