Golden Finance reports that according to official news from Binance, Binance will rename its PUMPUSDT U standard perpetual contract, and the new name has been confirmed as PUMPBTCUSDT U standard Perpetual Contract. This change is aimed at better adapting to market development and strategic adjustments of related projects, providing users with more precise and market-demand-oriented trading products.
Binance will conduct a full position closure and automatic settlement for the U-based PUMPUSDT perpetual contract at 09:00 (UTC) on June 13, 2025. After the settlement is completed, the contract will be removed. This operation is aimed at smoothly completing the transition from PUMPUSDT to PUMPBTCUSDT contracts, ensuring the accuracy and consistency of transaction data, and avoiding possible transaction confusion caused by name changes. After the settlement and removal of the old contract are completed, the Binance contract will officially launch the U-base PUMPBTCUSDT perpetual contract at 10:00 (UTC) on June 13, 2025, with a maximum leverage of up to 50 times. This high leverage setting will provide investors with a higher risk appetite with more investment options and capital leverage space, meeting their trading strategy needs under different market conditions.
From a background perspective, PumpBTC is Babylon’s mobile staking solution and holds a unique position and application scenarios in the blockchain staking field. The renaming and relisting of the PUMP-related perpetual contracts by Binance this time may be related to the development of PumpBTC itself and the increase of its influence in the market. By closely associating the contract name with PumpBTC, Binance aims to provide users with clearer trading guidance, enabling investors to more directly link their trading behaviors to the development dynamics of the PumpBTC project and enhancing market awareness and participation in the PumpBTC ecosystem.
For the majority of Binance users, this contract name change and related operations need to be closely monitored. Before 09:00 (UTC) on June 13th, users holding PUMPUSDT perpetual contract positions should manage their positions and conduct risk assessments in advance. Based on their investment goals and risk tolerance, they should decide whether to actively close their positions before settlement to avoid potential losses that may result from automatic settlement. After the launch of the new PUMPBTCUSDT perpetual contract, users need to re-familiarize themselves with all the rules and parameters of the contract when participating in transactions, including but not limited to the use of leverage ratios, the calculation of funding rates, and position limits, to ensure the compliance and rationality of trading operations.
Binance has always been committed to building a diversified, innovative and secure cryptocurrency trading platform for global users. This adjustment to the perpetual contracts related to PUMP is another significant measure taken by it to continuously optimize its trading product system and adapt to market changes. All market participants are also closely monitoring the performance of the new PUMPBTCUSDT perpetual contract after its launch, expecting it to bring users a richer trading experience. At the same time, it will inject new vitality into the promotion and development of the PumpBTC project, further driving the prosperity and innovation of the cryptocurrency trading market.
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