As per today’s announcement from the largest cryptocurrency exchange, Binance will list Perpetual Protocol (PERP) in the Innovation Zone section of its website. From 8 a.m. (UTC), traders will have access to pairs PERP/BTC, PERP/BUSD, and PERP/USDT.
PERP is a native token of Perpetual Protocol, used for staking and governance. It currently ranks #230 on CoinMarketCap.com, with market cap of $348,376,872 and 24-hour trading volume of $77,821,051. Moreover, per CoinMarketCap.com data, the price of the token has increased by over 90% in the past 24 hours, and it is now trading at around $15.80.
Binance reminds in the announcement about the increased risk of trading in the Innovation Zone. This section of the website allows the exchange to list new and innovative DeFi tokens. However, these tokens might be riskier to trade than more popular assets. As a result, before accessing the Innovation Zone, every trader will need to complete a brief questionnaire.
For more information about trading in the Innovation Zone, PERP, and the new pairs PERP/BTC, PERP/BUSD, and PERP/USDT available for trading today, please consult the announcement on the Binance website.