Binance Reveals Support for Broccoli & 5 Cryptos – What’s Next?

• Binance introduced USD-margined perpetual contracts for six cryptos, including Broccoli, offering up to 25x leverage starting March 20, 2025.
• The announcement triggered price spikes, with CreatorBid surging 200% and Broccoli meme coins gaining traction in the crypto market.

Binance, the world’s leading cryptocurrency exchange, has announced multiple USD-margined perpetual contracts for six crypto assets, including Broccoli. The exchange offers traders up to 25x leverage on select cryptocurrencies. In order to expand trading options while enhancing liquidity, these contracts went live in a phased rollout starting March 20, 2025.

Here’s the schedule for newly supported cryptocurrencies:

March 20, 2025:

09:00 UTC – TUTUSDT contract

09:30 UTC – BIDUSDT contract

March 21, 2025:

09:00 UTC – BROCCOLI714USDT contract

09:15 UTC – BROCCOLIF3BUSDT contract

March 22, 2025:

09:00 UTC – SIRENUSDT contract

09:15 UTC – BANANAS31USDT contract

Binance noted that perpetual contracts will make it more convenient to trade and provide more options. The tokens already have a presence on Binance’s Alpha Market, a platform that is reserved for early-stage and promising crypto projects. But with high-leverage trading come risks that amplify both gains and losses.

As other projects, such as StraitsX (XUSD), see their adoption grow after being endorsed by Binance, it will be intriguing to see how well the newly listed cryptos will perform in the coming weeks. Speculation in the markets already has demand for such initiatives.

Spotlight on Broccoli and Others

The announcement has also pushed the tokens prices news highs. Soon after the exchange revealed its support, trading volumes spiked significantly along with market interest surging. The price spike for Tutorial (TUT), CreatorBid (BID), CZ’s Dog (broccoli.gg), Siren, and Banana are 60%, 200%, 60%, 30% and 15% respectively.

Of the newly listed cryptos, Broccoli714USDT and BroccoliF3BUSDT have gained popularity in the crypto market. They both have meme coins based on Binance founder CZ’s pet Broccoli and were originally launched on the BNB Chain. While meme coins can be volatile, listing on Binance suggests that they have good engagement prospects.

Other coins that have been added to their portfolio include TUTUSDT, a learning tool in blockchain and cryptocurrency that utilizes artificial intelligence, and BIDUSDT, a platform to start creator economy initiatives that leverage artificial intelligence. SIRENUSDT is also artificial intelligence-powered with a dual personality, and BANANAS31USDT is based on the viral Reddit meme that started in 2012 called “Banana for Scale.”

High Leverage and Market Risks

Perpetual contracts offered by Binance allow traders to leverage up to 25 times their position, allowing them to increase their gains—and their losses too—by significant proportions. But that is not risk-free as major gains can be turned into major losses too. Binance has implemented measures like a +2.00% / -2.00% capped funding rate and a four-hour funding fee settlement to maintain stability.

Additionally, Binance can make modifications to contract specifications based on market conditions. Such modifications can be in the form of leverage, margin requirements, tick sizes, and funding fees. All of these can impact traders’ interactions with newly listed tokens and price volatility.

The newly listed contracts also have Multi-Assets Mode activated, allowing users to trade with alternative margin assets. For example, users can trade with Bitcoin (BTC) as a margin while trading such perpetual contracts, offering another degree of convenience.