Binance, the world’s largest cryptocurrency exchange, has attracted investors’ attention again by launching a perpetual futures contract for DeepBook token (DEEP). From April 22, 2025, Binance has initiated the DEEPUSDT perpetual contract. This news led to a rapid 100% price increase in the DEEP token, pushing it close to $0.18. However, at the time of writing, the token price, built on the blockchain, has retraced to around $0.11. This new contract allows Binance users to participate in the DEEP futures market with up to 50x leverage. Binance has also introduced the ‘Futures Copy’ feature to enable novice investors to benefit from professional traders’ experiences. Following this announcement, the daily trading volume of DEEP saw a remarkable 1,640% growth. While this update caused a surge in DEEP price, Binance cautioned that this perpetual contract may change depending on market conditions. Considering a similar experience with Balancer token (EPT) that plummeted after Binance support, investors should closely monitor the DEEP situation. You can track the live prices of all tokens and cryptocurrencies on the instant digital currency price page.
