The price of Merlin Chain (MERL) has jumped sharply after Binance revealed plans to introduce USD-margined MERL perpetual contracts. The native token of this Bitcoin layer-2 scaling solution climbed to highs of $0.13, with technical signals pointing toward a possible $0.20 target.
When Binance adds significant new listings, altcoins typically see dramatic price spikes—and Merlin Chain proves no different.
Binance Futures Unveils MERL Perpetual Contracts with Up to 50x Leverage
On May 28, 2025, Binance Futures—the derivatives wing of the world’s largest crypto exchange—announced its intention to roll out perpetual contracts for MERL. The contract operates with USD margins under the MERLUSDT ticker and goes live May 29, 2025, at 08:30 UTC.
Traders can access up to 50x leverage with these contracts, opening doors for both experienced professionals and ambitious newcomers to ride MERL’s price waves. High-leverage offerings like this tend to pull in serious trading activity and boost overall liquidity.
Binance had already listed MERL on its Binance Alpha spot platform back on May 20, 2025, which expanded the token’s reach considerably. Adding perpetual contracts takes things a step further, cementing MERL’s position in derivatives trading.
The exchange has built quite a reputation for boosting token visibility and trading volumes through fresh contract listings—a pattern we’ve witnessed across numerous altcoins before MERL’s turn.
Market Reaction: Merlin Chain’s Price and Volume Rise
Right after Binance Futures dropped their announcement, MERL delivered an immediate positive response. CoinMarketCap data shows the token reached approximately $0.1346, representing gains of more than 10% over 24 hours.
Trading volume jumped 17% alongside the price action, pushing daily turnover past $803 million. MERL’s market cap now sits around $95.5 million.
This price surge reflects mounting enthusiasm for Merlin Chain’s ecosystem, which centers on expanding Bitcoin’s layer-2 functionality. The project backs popular Bitcoin protocol tokens like BRC20 and BRC420, while incorporating cutting-edge tech such as ZK-Rollups and decentralized oracle networks. These features position it as a serious contender in decentralized finance (DeFi).
While MERL trades far below its April 2024 all-time high of $1.55, the Binance Futures perpetual contracts launch might serve as the spark it needs. Market watchers believe MERL could hit $0.20 relatively soon, with some eyeing a potential return to December 2024 peaks near $0.48 over the next few weeks.
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