Binance Lists an Altcoin on Futures, Price Suddenly Explodes 30 Percent!

Binance, the world's largest cryptocurrency exchange, is making a new listing for an altcoin on futures.

According to Binance's statement on its official blog today, the exchange will launch Tether (USDT) margined futures for REI Network (REI) with a maximum leverage of up to 75x.

According to the statement made by Binance, the REIUSDT contract will open for trading on September 27 at 15:00 GMT.

Binance stated that funding rates can initially change between a maximum of -%2.00 and +%2.00 every 4 hours, but funding rates, maximum leverage, and minimum transaction limits may change from time to time depending on market conditions.

According to CoinGecko data, the listing from Binance has taken off. REI suddenly gained 30% from a price of $0.059 and reached $0.078. REI, which later pulled back a bit, is finding buyers at $0.0733 at the time of writing.

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