Binance, a leading cryptocurrency exchange, has listed Skate (SKATE) on its Alpha platform and will launch the SKATEUSDT perpetual contract, offering up to 50x leverage. This news triggered a significant price increase for SKATE, with the altcoin rising 33% in pre-market trading. This listing is seen as a major milestone for SKATE.

SKATE is the native utility and governance token of Skate’s multi-VM infrastructure, set to launch trading on June 9, 2025. In conjunction with this, Binance is offering an exclusive airdrop for early adopters. The announcement also noted that Bybit will start supporting SKATE trading, adding to its market momentum.

A Megadrop event involving SKATE has begun, allowing users to stake Mantle and Tether to earn from a substantial prize pool. The trading of SKATE on other platforms like MEXC has further amplified its visibility. Overall, this reflects strong demand and positions SKATE for increased market activity.