Key Points

• Binance will launch KAIAUSDT at 14:00 (UTC) and AEROUSDT at 14: 15 (UTC).
• Both coins experienced a price spike following Binance’s announcement.

Binance announced the launch of two new futures contracts later today for Kaia (KAIA) and Aerodrome Finance (AERO). Binance Futures will launch the two perpetual contracts, KAIAUSDT and AEROUSDT with up to 75x leverage.

In the official announcement, Binance Futures revealed that it will launch the KAIAUSDT Perpetual Contract at 14:00 (UTC). AEROUSDT Perpetual Contract will be launched 15 minutes later at 14: 15 (UTC).

Binance continues to launch futures contracts on its platform to expand users’ trading choices and boost their overall trading experience.

Following the exchange’s announcement, the coins’ prices spiked.

KAIA and AERO Prices Surge

KAIA was trading at around $0.36 levels ahead of Binance’s listing announcement, and the coin’s price spiked above $0.37. The coin is up by over 6% in the last 24 hours and it has a current market cap of $2.17 billion.

Today’s significant price surge for KAIA comes following an earlier dip to $0.27 levels when the coin had a market cap of $1.6 billion, ahead of the significant rebound. On December 3rd, KAIA reached a new ATH at $0.4.

Kaia is a public blockchain that brings Web3 to hundreds of millions across Asia, according to the team behind the project. Kaia is reportedly the largest Web3 ecosystem in Asia. It’s integrated with the Kakaotalk and LINE messengers which have a combined user base of over 250 million.

AERO‘s price also debuted a surge from $1.63 levels and a market cap of around $1.1 billion ahead of Binance’s announcement. Now, the coin continues to rise and it’s trading at $1.77, having a market cap of $1.24 billion.

The coin is up by 8% in the last 24 hours.

Aerodrome Finance is an AMM designed to serve as Base’s central liquidity hub. It combines a powerful liquidity incentive engine, a vote-lock governance model, and a friendly UX.