Binance Futures Plans To Launch M BSV Perpetual Contract

Coingapestaff
October 20, 2023 Updated August 1, 2025
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Binance Futures, one of the most liquid derivate markets in the crypto realm, announced plans to launch a USDⓈ-M BSV perpetual contract (BSVUSDT) as of October 20, 2023, at 12:30 (UTC). 

According to reports, Binance delisted the BSV spot trading pair on April 15, 2019, and has no plans to restore it this time either. However, with the upcoming launch of BSVUSDT, the firm assured its users that the perpetual contract would offer up to 50x leverage.

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More About The USDⓈ-M BSV Perpetual Contract

The underlying asset within the contract is BSV (Bitcoin Satoshi’s Vision), sometimes referred to as Bitcoin SV, whereas the settlement asset is USDT. Bitcoin SV is a blockchain curated in 2018 as a result of the hard fork from the Bitcoin Cash Blockchain. The Bitcoin Cash Blockchain itself grew as a hard fork of the original Bitcoin blockchain.

With a tick size of 0.01, the contract offers trade with minimal ease and efficiency. The bond will have a maximum capped funding rate of +2.00% / -2.00%, while the funding fee settlement frequency is set around every four hours. Users can trade on the offered bond 24×7, as stated by Binance, and leverage up to 50x more. The contract also supports Multi Assets Mode, facilitating users to indulge in a more varied trading experience.

Also read: Binance Removes ADA, MATIC, SHIB, DOGE, SOL & Other Top Liquidity Pools

BSV Drifts Towards Portraying A Promising Future 

The month of October saw notable traction revolving around Bitcoin SV. The cryptocurrency caught the eyes of many investors as it witnessed a substantial increase in its price. As of October 19, the coin reached around $43 after going through significant price fluctuations in the past few months.

The coin mostly traded in a consolidated range between $32 and $34 during the past few months. However, the coin now shows promising growth as of October 2023 and continues to rise.

Meanwhile, as of writing, Bitcoin SV is valued at $52.28, noting a surge of 27.68% over the last 24 hours on October 20, 2023, underscoring the prior monthly high of $43. The continuous rise in the price of Bitcoin SV has gravitated investors towards itself, displaying promising returns in the future.

Also read: Fed Chair Hints At No More Interest Rate Hikes, Crypto Market Cheers

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.