Binance announced that it will launch TOWNSUSDT and PROVEUSDT perpetual contracts on August 5, 2025. According to the announcement, the TOWNS perpetual contract will be launched at 22:30 Beijing time, and the PROVE perpetual contract will be open for trading at 1:00 the next day.
Both contracts support trading with up to 75x leverage, using USDT as the settlement asset, with a maximum funding rate of plus or minus 2%, and settlements every 4 hours. In addition, these contracts support a multi-asset margin model, where traders can use a variety of assets, including Bitcoin, as margin.
Binance will launch TOWNS and PROVE perpetual contracts with up to 75 times leverage
2025-08-05 14:13:06
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