On March 19, 2025, Binance officially announced the launch of the new FORM perpetual contract on the same day, supporting leverage trading of up to 50 times. This move marks a further expansion of Binance's trading product line and is closely related to the brand upgrade of BinaryX (BNX) token, which has been renamed to Four (FORM). In addition to the perpetual contract, Binance will also launch the FORM/USDT spot trading pair, as well as various trading services such as Simple Earn and automatic investment, providing users with more diversified investment options.==
BinaryX Brand Upgrade and the Birth of FORM Token
BinaryX (BNX), a platform focused on blockchain gaming and the GameFi ecosystem, has emerged in the cryptocurrency field in recent years. Its native token BNX is not only used for in-game economic circulation but also carries multiple functions such as community governance. However, as the project ecosystem continues to evolve, the BinaryX team decided to undergo a brand upgrade, renaming BNX to Four (FORM) and completing a token swap at a 1:1 ratio. This change aims to better reflect the project's new vision of creating a more open and efficient GameFi ecosystem.
According to Binance's official announcement, the token swap for FORM has recently been successfully completed. On March 18 at 03:00 (UTC), Binance suspended all spot trading pairs for BNX (including BNX/USDC, BNX/USDT, BNX/TRY) and opened the deposit service for FORM the next day. At 16:00 (UTC+8) on March 19, the FORM/USDT spot trading officially launched, while the withdrawal function is expected to open at 17:00. This seamless transition ensures the security of user assets and the continuity of trading.
FORM Perpetual Contract Launch: 50x Leverage Ignites Market Potential
The launch of the FORM perpetual contract is undoubtedly the most eye-catching highlight of Binance's announcement. As a USDT margin perpetual contract product, the FORM perpetual contract allows users to choose leverage from 1 to 50 times for trading. Unlike traditional spot trading, perpetual contracts do not require expiration and delivery, allowing users to hold positions for a long time and capture more opportunities amid market fluctuations. Binance stated that the contract will officially launch on the morning of March 19, with specific timing to be confirmed in subsequent announcements.
Industry insiders analyze that the leverage setting of up to 50 times will greatly attract traders seeking high returns, especially against the backdrop of the continuously warming GameFi sector. As the token following the brand upgrade of BinaryX, FORM's underlying ecological value and market potential should not be underestimated. Binance's swift follow-up in launching the perpetual contract not only reflects optimism about FORM's prospects but also further consolidates its competitive advantage in the derivatives trading market.
Spot Trading and Value-Added Services Progressing Together
In addition to the perpetual contract, Binance has tailored a series of trading services for FORM to further enhance user engagement. The launch of the FORM/USDT spot trading pair provides investors with a convenient channel to trade FORM directly. Meanwhile, Binance will also include FORM in the Simple Earn product, allowing users to earn returns through flexible or locked periods. Additionally, the introduction of automatic investment functionality allows users to set up regular investment plans to diversify risks and achieve long-term asset appreciation.
Binance's Strategic Layout and Market Impact
The series of services launched by Binance around FORM clearly reflects not only support for a single project but also its far-reaching strategic layout in the cryptocurrency market. As the largest cryptocurrency exchange by trading volume globally, Binance has been continuously expanding its product line in recent years, gradually building a comprehensive digital asset ecosystem from spot trading to leveraged trading, and now to the NFT market and Web3 wallets.
The addition of FORM further enriches Binance's GameFi landscape. In recent years, with the rise of blockchain gaming and the concept of the metaverse, GameFi has become a new trend in the cryptocurrency market. BinaryX, with popular games like CyberDragon, has secured a place in this field. The brand upgrade to Four (FORM) is seen as a signal for the project to move towards a broader market. Binance's quick response undoubtedly injects strong momentum into the promotion and popularization of FORM.
Market analysts point out that the launch of the FORM perpetual contract may temporarily increase its price volatility, especially with the introduction of 50x leverage amplifying traders' emotional effects. However, in the long run, FORM's performance will still depend on the actual development of the BinaryX ecosystem, such as the launch of new games, user growth, and the effectiveness of community governance.
Conclusion
On March 19, 2025, Binance took the opportunity of launching the FORM perpetual contract to kick off support for the BinaryX brand upgrade. From the 50x leverage perpetual contract to spot trading, Simple Earn, and automatic investment features, Binance has created a comprehensive trading ecosystem for FORM. This not only brings more investment opportunities to users but also injects new vitality into the development of the GameFi industry. As the FORM token officially debuts in the market, the potential of the underlying BinaryX ecosystem will gradually be released, while Binance, as a promoter of this process, will further consolidate its industry influence. In the future, whether FORM can become a star token in the GameFi field is worth continuous attention.
This article represents the author's personal views and does not reflect the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone.
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