On May 28, 2025, Binance announced the launch of perpetual contracts for Merlin Chain (MERL), leading to significant price increases for the token. As traders react to the update, MERL has the potential to reach new heights.
Binance Futures Introduces MERL Perpetual Contracts with 50x Leverage
On May 28, 2025, Binance Futures, the derivatives arm of the leading cryptocurrency exchange, confirmed the addition of MERL perpetual contracts. This is significant as it allows traders to use leverage of up to 50x when trading the token.
Binance EN: Binance Futures Will Launch USDⓈ-Margined MERLUSDT Perpetual Contract
Time: 2025-05-29 08:30 (UTC): MERLUSDT (up to 50x leverage) link
— Merlin Chain (@MerlinLayer2) May 28, 2025
The announcement specifies that the USD-MARGINED MERL perpetual contract will be available from May 29, 2025, at 08:30 UTC. This offering is expected to attract both seasoned traders and newcomers looking to capitalize on the momentum surrounding MERL.
Previously, Binance had listed MERL on its Binance Alpha platform on May 20, enhancing the token’s visibility and appeal within the derivatives market.
Market Response: MERL Price Surge
The market’s response to Binance Futures’ announcement has been notably swift and positive. According to CoinMarketCap data, the price of Merlin Chain increased to $0.1346, reflecting a rise of over 10% within 24 hours.
This price surge was accompanied by a significant increase in trading volume, with MERL recording a 17% rise in daily volume to surpass $803 million. The market capitalization for the token now stands at $95.5 million.
The interest in Merlin Chain highlights its growing ecosystem aimed at enhancing Bitcoin’s layer-2 capabilities, supporting popular Bitcoin protocol tokens such as BRC20 and BRC420. Its integration of ZK-Rollups and decentralized oracle networks solidifies its position in the decentralized finance space.
While the price still remains well below its all-time high of $1.55 achieved in April 2024, the Binance Futures listing could act as a pivotal catalyst for MERL, potentially elevating its value to $0.20 and revisiting the December 2024 peaks of $0.48 in the coming weeks.
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