After the airdrop launch of Solayer (LAYER) by Binance HODLer sparked heated discussions in the market, Binance has once again made efforts in the field of cryptocurrency trading. According to the official announcement of Binance, the Binance contract is about to launch the AAVEUSDC and UNIUSDC U-based perpetual contracts.
U-based perpetual contracts, as a popular trading product in the cryptocurrency trading market, use the stablecoin USDC as the pricing and settlement unit, which can effectively help investors avoid the risks brought by significant fluctuations in cryptocurrency prices. The AAVEUSDC contract launched by Binance this time will combine the native token Aave of the decentralized lending platform AAVE with USDC, providing investors with leveraged trading opportunities around AAVE. Through this contract, investors can flexibly conduct long and short operations based on their judgment of the future development of the Aave project and the price trend of the AAVE token to obtain investment returns.
The UNIUSDC contract, on the other hand, focuses on the native token UNI of Uniswap, a well-known decentralized trading platform. Uniswap holds a significant position in the decentralized finance (DeFi) sector, and its innovative automated market maker (AMM) model has transformed the traditional way of trading cryptocurrencies. Binance’s launch of the UNIUSDC contract undoubtedly opens a new window for investors to participate in Uniswap ecosystem investment. Investors can participate in the price game of UNI through this contract. Whether they choose to go long because they are optimistic about the future development of Uniswap or short because they believe there is a downside risk in the market, all can be realized in this new trading product.
As a globally leading cryptocurrency trading platform, Binance’s every new product launch attracts much market attention. The launch of AAVEUSDC and UNIUSDC U-standard perpetual contracts this time is expected to further enrich the variety of products traded on the platform and attract more users with different investment preferences. For investors who are passionate about investing in decentralized finance projects, these two new contracts offer more convenient and efficient investment tools. Meanwhile, with the launch of the new contract, the trading volume around AAVE and UNI in the market may experience a significant increase, which in turn will have a positive impact on the ecological development of the Aave and Uniswap projects. Golden Finance will continue to follow up and report on the trading performance of these two new contracts on the Binance platform and whether they will prompt other trading platforms to follow suit and launch similar products.
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