Binance Lists BIGTIME - GameFi Token Surges 400% in 48 Hours
In less than 48 hours since its debut, BIGTIME has been listed for spot trading on major exchanges, including Coinbase, OKX, MEXC, and most recently, futures trading on Binance.
Binance Lists BIGTIME - GameFi Token Surges 400% in 48 Hours
According to Wu Blockchain, on the evening of October 12, 2023, leading cryptocurrency exchange Binance will launch futures trading (Perpetual Futures) for BIGTIME, the token representing the GameFi project Big Time, which had its NFT collection listed on Binance NFT Marketplace in 2021.
See more: What is Binance? Notably, Binance will only offer futures trading for the BIGTIME token, similar to what happened with BLUR, the token for the NFT Marketplace platform Blur.
Binance's announcement reveals that futures trading for the BIGTIME/USDT pair will start at 21:30 on October 12, 2023, Vietnam time.
Binance announced that it will launch U-based BIGTIME perpetual contracts on October 12, 2023 at 22:30 UTC+8, with leverage up to 20x. Binance did not launch spot trading of BIGTIME, similar to its previous treatment of Blur Token. https://t.co/bTvIEH1R4u
— Wu Blockchain (@WuBlockchain) October 12, 2023
Big Time is a AAA-standard multiplayer online role-playing game (MMORPG) built on the Ethereum blockchain. The game features fast-paced combat with an open economy under the Play-to-Earn (P2E) model, where players battle with their warriors to earn items as NFTs and valuable rewards.
The project raised $21.3 million in two funding rounds with participation from major investors, including FBG Capital, North Island Ventures, Digital Currency Group, OKEx Blockdream Ventures, Alameda Research, Circle Financial, and more.
Despite officially launching on October 11, 2023, the BIGTIME token has already been listed for spot trading on most major CEXs, including Coinbase, OKX, MEXC, KuCoin, and Bitget.
Coinbase will add support for Big Time (BIGTIME) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) October 11, 2023
Though it has been live for less than 48 hours, BIGTIME’s price has skyrocketed over 400% from October 11 to 12, 2023, despite the cryptocurrency market experiencing a slight decline due to news surrounding the conflict in Israel affecting many project developers in the region.
At the time of writing, BIGTIME is trading at $0.235, nearly five times its initial listing price.
7-day chart of the BIGTIME token on CoinMarketCap from October 11 to 12, 2023. Screenshot taken at 20:36 on October 12, 2023
It remains unclear if the “near full” listing of the Big Time token across exchanges will signal a resurgence in the GameFi trend. However, recent positive developments in the crypto space include:
- Ancient8 launching a layer-2 solution on Ethereum dedicated to Web3 gaming
- Google “green-lighting” NFT game ads
- PUBG game publisher launching blockchain Settlus on Cosmos
