- MERL price increased after Binance’s announcement.
- No leadership comments available post-listing.
- High leverage attracts speculative trading interest.
Binance has announced the launch of USDS-margined MERLUSDT perpetual contracts on May 29, 2025, providing investors new trading opportunities.
The introduction of MERL/USDT perpetual contracts on Binance may foster market activity for MERL, attracting traders drawn to its high leverage options.
Key Details
Binance, the world’s largest cryptocurrency exchange, is launching MERL/USDT perpetual contracts, allowing up to 50x leverage. Merlin Chain, a Bitcoin Layer 2 protocol, sees an increase in market activity post-announcement. Trading volume surged as speculative interest heightened.
The launch potentially enhances MERL’s market liquidity, impacting its price positively. Binance’s strategic move not only diversifies trading pairs but also solidifies its position in offering varied crypto financial products to its users.
Increased trading volume for MERL reflects heightened interest and the speculative nature of high-leverage contracts. The lack of leadership input hinders direct narratives from the project team, limiting insights into strategic goals or future plans.
The Binance perpetual contract launch could signal a trend of increased derivatives trading on exchanges, possibly influencing cryptocurrencies’ market dynamics. If successful, this move may initiate further engagement in layer 2 solutions, boosting overall market interest.
“Binance Futures Will Launch USDS-Margined MERLUSDT Perpetual Contract; Launch Time: 2025-05-29 08:30 (UTC).” — Binance Announcement
