Binance Will List a New Altcoin on Futures!

Binance, the world's largest cryptocurrency exchange, will make a new listing in futures for an altcoin.

Binance announced today in a statement on its official blog site that it will launch Tether (USDT) margin futures trading for Turbo (TURBO) with a maximum leverage of 50x.

According to the statement made by Binance, the TURBO/USDT contract will be opened for trading on May 30, 18.30.

Binance stated that funding rates may initially change between a maximum of -2.00% and +2.00% every 8 hours, but depending on market conditions, funding rates, maximum leverage and minimum transaction limit may change from time to time.

According to CoinGecko data, TURBO is finding buyers at $0.00674 at the time of writing, with a 6% drop in the last 24 hours.