TechFlow news, August 5 — According to an official announcement, Binance will launch TOWNSUSDT and PROVEUSDT perpetual contracts on August 5, 2025. The TOWNS perpetual contract will go live at 22:30 Beijing time, while the PROVE perpetual contract will open for trading at 01:00 the following day.
Both contracts support up to 75x leverage, use USDT as the settlement asset, and have a funding rate cap of ±2%, settled every four hours. Additionally, these contracts support the multi-asset margin mode, allowing traders to use various assets including Bitcoin as margin.




