Binance Futures will list the MERLUSDT perpetual contract
PANews reported on May 28 that according to Binance's announcement, Binance Futures will launch the MERLUSDT perpetual contract at 16:30 Beijing time on May 29, supporting up to 50 times leverage. Merlin Chain (MERL) is a Bitcoin Layer 2 project that integrates ZK-Rollup, decentralized oracles, and Proof of Fraud mechanisms. The contract supports a multi-asset margin model, with a funding rate that settles every 4 hours, with an initial maximum funding rate of ±2%. MERL has been listed on the Binance Alpha market, and the listing of contracts does not mean that the spot will be listed at the same time.
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