Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of DATAIP perpetual futures contracts, set to go live today. The DATAIP/USDT pair will begin trading at 6:45 a.m. UTC, followed by the DATAIP/USDC pair at 6:50 a.m. UTC. Both contracts will support up to 20x leverage, offering traders significant exposure to the token’s price movements.
What Is DATAIP?
DATAIP is the new ticker symbol for Story (IP) following its rebranding to Data Network. The project originally focused on intellectual property tokenization but has since shifted its core mission toward decentralized data infrastructure. The ticker change reflects this pivot, aligning the token’s identity with its updated network goals. Binance’s decision to list perpetual futures for DATAIP signals growing exchange interest in the project’s revised direction.
Key Details of the Listing
The perpetual futures contracts will be settled in USDT and USDC, two of the most widely used stablecoins on Binance. Traders can open long or short positions with leverage ranging from 1x to 20x. Funding rates will apply periodically to keep contract prices aligned with the spot market. Binance has not announced any special promotions or fee discounts for the new pair, but standard trading fees will apply.
Implications for Traders
Perpetual futures are popular among crypto traders for their flexibility and the ability to trade with leverage. The addition of DATAIP pairs expands Binance’s altcoin futures offerings, providing more options for traders seeking exposure to niche projects. However, 20x leverage carries significant risk, and traders should be aware of potential liquidation events during volatile market conditions.
Broader Context
The listing comes amid a broader trend of exchanges adding perpetual futures for tokens that have undergone rebranding or network upgrades. Data Network’s shift from IP-focused infrastructure to a broader data layer may attract new users and developers, potentially increasing demand for the token. Binance’s support through futures listings often correlates with increased liquidity and trading volume for the underlying asset.
Conclusion
Binance’s listing of DATAIP perpetual futures with up to 20x leverage provides traders with new opportunities to speculate on the token’s price. The rebranding from Story (IP) to Data Network represents a strategic pivot that the market will watch closely. As always, traders should approach leveraged products with caution and conduct their own research before trading.
FAQs
Q1: What is DATAIP?
DATAIP is the new ticker symbol for Story (IP) after the project rebranded to Data Network. It represents a token used within the network’s decentralized data infrastructure.
Q2: When will Binance list DATAIP perpetual futures?
The DATAIP/USDT pair launches at 6:45 a.m. UTC today, and the DATAIP/USDC pair follows at 6:50 a.m. UTC.
Q3: What leverage is available for DATAIP perpetual futures?
Traders can use up to 20x leverage on both the USDT and USDC perpetual contracts.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
