Binance Futures is set to launch two new USDT-margined perpetual contracts—BRUSDT and PLUMEUSDT—following the successful token generation event for Bedrock and a strategic investment in Plume Network by Binance’s venture arm, YZi Labs.
According to an official notice, Binance will list the BRUSDT Perpetual Contract at 12:45 UTC on March 21, followed by the PLUMEUSDT Perpetual Contract at 13:00 UTC the same day. Both contracts will support up to 25x leverage and be available under the multi-assets mode, allowing users to trade using various margin assets.
At launch, the maximum funding rate for both BRUSDT and PLUMEUSDT contracts is set between +2.00% and -2.00%, with the funding fee calculation occurring every four hours.
Bedrock Token Generation Event Boosts Market Activity
The upcoming BRUSDT listing follows Binance’s exclusive token generation event (TGE) for Bedrock (BR) on PancakeSwap, held on March 20 between 10:00 AM and 12:00 PM UTC. A total of 50 million BR tokens, representing 5% of the total supply, were distributed to eligible participants.
Bedrock is a liquid restaking protocol built on the BNB Smart Chain, enabling Bitcoin staking through uniBTC. This mechanism allows users to earn staking rewards while retaining token liquidity.
Since the event, BR saw a 10% price increase, trading at $0.17 at press time, although it remains 12.7% below its recent peak of $0.19. Following Binance’s announcement of the perpetual contracts, the BR token experienced a brief 6% decline.
PLUME Token Gains After Binance’s Strategic Investment
The PLUMEUSDT contract launch comes shortly after YZi Labs, Binance’s investment arm, revealed its strategic investment in Plume Network on March 17. Plume is a modular blockchain infrastructure focused on bringing real-world assets (RWAs) on-chain. With over 18 million wallets participating in its testnet and collaborations with 180+ protocols, the network is quickly gaining traction in the DeFi space.
Plume’s native token briefly surged to a new all-time high of $0.24 following the investment news. As of now, PLUME is trading at $0.204, reflecting a 4% gain post-announcement, despite being down 10% over the last 24 hours.
Continued Growth for Binance Futures
The introduction of BR and PLUME perpetual contracts reflects Binance Futures’ commitment to expanding its product offerings in line with market trends and ecosystem developments. With growing interest in liquid restaking and RWA protocols, Binance aims to provide advanced trading tools and increased exposure to emerging crypto projects.
As the trading community gears up for the March 21 launch, both BR and PLUME tokens will remain under close watch for price volatility and volume surges.
