KEY TAKEAWAYS
- Binance is launching trading for Skate (SKATE) on its Binance Alpha platform, including a SKATEUSDT Perpetual Contract with up to 50x leverage.
- The SKATEUSDT Perpetual Contract will support 24/7 trading and Multi-Assets Mode, with a capped funding rate of +2.00% / -2.00%.
- An exclusive airdrop for Skate (SKATE) is available for eligible users, requiring Binance Alpha Points for participation.
- Binance clarifies that futures and spot token listings are independent, with no guarantee of a spot listing following a futures listing.
Binance has announced the upcoming launch of trading for Skate (SKATE) on its Binance Alpha platform, set to commence on June 9, 2025, at 10:00 UTC. This launch will also include the introduction of the SKATEUSDT Perpetual Contract on Binance Futures, available from 10:30 UTC the same day.
Skate (SKATE) is a multi-VM infrastructure designed to enable decentralized applications to operate seamlessly across both EVM and non-EVM blockchains. Its core automated market maker (AMM) provides a unified liquidity curve across all chains.
Details of the SKATEUSDT Perpetual Contract
The SKATEUSDT Perpetual Contract will allow trading with up to 50x leverage. The contract will be settled in USDT, with a capped funding rate of +2.00% / -2.00% and a funding fee settlement frequency of every four hours. Trading will be available 24/7, and the Multi-Assets Mode will be supported, allowing users to trade across multiple margin assets.
Binance has stated that the tick size details will be updated 15 minutes before the launch time. Additionally, the perpetual contract will be available for Futures Copy Trading within 24 hours of its launch. More information on these features can be found here.
Exclusive Airdrop for Eligible Users
In celebration of the Skate (SKATE) launch, Binance is offering an exclusive token airdrop for eligible users. Participants must use Binance Alpha Points to claim their airdrop on the Binance Alpha Events Page between June 9, 2025, at 10:00 UTC and June 10, 2025, at 10:00 UTC. The Events Page can be accessed via the Binance App using the search function.
Binance has emphasized that trading futures and spot tokens are not correlated, and a token listed on Binance Futures does not guarantee a listing on Binance Spot. The company also reserves the right to amend or cancel the announcement at any time.
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