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Binance announces launch of perpetual contracts

Binance today announced the launch of U-based BIGTIME perpetual contracts. At the same time, the exchange avoided launching spot trading of BIGTIME, in an action similar to how they treated the Blur Token, the native governance token of Blur. According to CoinMarketCap, Big Time is a multiplayer action RPG that combines combat with an open gaming economy that simultaneously leverages very visible Web3 elements. As part of the announcement to launch a perpetual contract with up to 20x leverage, Binance states that depending on market risk factors, it will reserve the right to periodically modify the parameters of the BIGTIME USDT Perpetual Contract.

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