The world's largest cryptocurrency exchange, Binance, has made another move that will shake the markets. Two popular altcoins on investors' radar, Taiko (
#Taiko ) and Subsquid (
#SQD ), will be available for trading in futures with up to 50x leverage as of today.
According to Binance's official announcement:
The TAIKO/USDT futures contract will start at 12:30 UTC on June 11.
The SQD/USDT futures contract will be available to users at 12:45.
The new listings will be offered within the scope of USDT margined futures and will provide a maximum leverage of 50x. This is interpreted as an exciting development for users who want to evaluate short-term investment opportunities.
Binance also stated that the initial funding rates for TAIKO and SQD will be between -2% and +2% and will be updated every 4 hours. However, it also warned that these rates may change over time depending on market conditions.
TAIKO and SQD were previously listed on the Binance Alpha market. Now, with futures, they are preparing to attract the attention of a much wider investor base.
#Tradersleague #BTCBreaks110K #BTC110KSoon?