👉👉 Binance Announces New Altcoin Listing in Futures, Sending Prices Soaring! 👈👈

The world's largest cryptocurrency exchange, Binance, has announced that it will list a new altcoin under futures trading.

According to a statement released by Binance on Tuesday, April 22, the exchange will open trading for the DEEP (DeepBook Protocol) Tether (USDT) margined perpetual futures contract with leverage of up to 50x. The DEEPUSDT contract will start trading on April 22 at 08:30 (UTC). DeepBook is a project developed on the Sui blockchain as a decentralized centralized limit order book (CLOB).

Binance stated that the funding rates for this contract would initially be between -2.00% and +2.00% and will be updated every 4 hours. Additionally, it was noted that depending on market conditions, funding rates, maximum leverage ratios, and trading limits may be subject to change.

Furthermore, Binance announced that this futures contract supports the Multi-Assets Mode feature. With this feature, users will have the opportunity to trade with different collateral assets, such as Bitcoin.

Binance Futures will allow users to trade the DEEPUSDT contract 24/7. This contract offers investors the opportunity to trade with leverage of up to 50x.

Binance also plans to make these contracts available for futures copy trading within 24 hours.

Depending on market conditions, Binance indicated that it may update various features of the contract over time.

DEEP has gained 37% in the last 24 hours, trading at $0.128 at the time of writing.

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