Binance will launch MERLUSDT perpetual contract on May 29th at 16:30 According to Binance's announcement, Binance Futures will launch the MERLUSDT perpetual contract at 16:30 Beijing time on May 29th, supporting up to 50 times leverage. MERL (Merlin Chain) is a Bitcoin Layer 2 project that integrates ZK Rollup, decentralized oracle, and fraud proof mechanism. This contract supports a multi asset margin model, with a settlement fee rate every 4 hours and an initial maximum fee rate of ± 2%. MERL has been launched on the Binance Alpha market, and this launch of the contract does not represent the simultaneous launch of spot goods.