On Tuesday, Binance, the world’s largest cryptocurrency exchange, unveiled two new perpetual futures contracts tied to artificial intelligence (AI) and decentralised finance (DeFi) tokens.
The exchange announced the launch of FLOCK/USDT and SKY/USDT perpetual contracts, both margined and settled in Tether (USDT), with leverage of up to 75×.
Trading went live today, with FLOCK/USDT starting at 06:45 UTC and SKY/USDT following shortly after at 07:00 UTC.
Get to know the first and the second feature
The FLOCK/USDT perpetual contract reflects growing investor interest in AI-linked tokens. Flock.io, the project behind FLOCK, blends blockchain infrastructure with federated machine learning to allow participants to contribute data securely without compromising privacy.
The second listing, SKY/USDT, introduces derivatives tied to the Sky Protocol token, the successor of MakerDAO’s governance system.
Sky, which oversees the Dai stablecoin ecosystem, represents one of the most influential DeFi protocols in the industry. Binance’s addition of SKY perpetuals is seen as a nod to the continued relevance of DeFi in global crypto markets.
Both contracts follow Binance’s standard model of 4-hourly funding rates within capped ranges, giving traders flexibility while maintaining market balance.
Users can also use Binance’s Multi-Assets Mode, which allows collateralisation with BTC, ETH, or BNB, not just USDT.
How to access Binance’s new AI and DeFi contracts
The process for trading the newly listed contracts on Binance is simple, but it’s essential to follow each step carefully. These contracts are part of Binance’s USDT-M Futures, which means they are margined and settled in Tether (USDT).
The first step is to log in to your Binance account. If you don’t already have one, you must sign up and complete identity verification.
Without this, you cannot trade futures on the trading app. Once inside your account, ensure you have USDT in your Futures Wallet, because USDT is the main currency for opening and settling these positions. You can transfer funds from your Spot Wallet to your Futures Wallet in just a few clicks.
Next, go to the Futures section on the app and type either FLOCKUSDT or SKYUSDT in the search bar. These are the trading pairs for the new perpetual contracts. Click on the one you want to trade, and you’ll see the chart, order book, and trading options.
At this point, you’ll notice that the platform allows you to adjust leverage. Leverage might be set lower by default, but you can increase it to 75×. Remember, higher leverage means higher potential profits but also much higher risk.
When you place a trade, you’ll choose between long (betting the price will rise) or short (betting the price will fall). Once your order is confirmed, you will officially trade the perpetual contract.
Finally, Binance offers a Multi-Assets Mode, which allows you to use other assets like BTC, ETH, or BNB as collateral. This gives you more flexibility if you don’t want to rely only on USDT.
For more information, visit: https://www.binance.com/en/support/announcement/detail/4009f8bd8d85456189e9265d311b25de