Binance, the world's largest cryptocurrency exchange, is set to list a new altcoin futures option.
Binance announced today on its official blog that it will be launching Tether (USDT) margined futures with up to 75x leverage for the altcoin Bio Protocol (BIO) that it listed today.
According to the statement made by Binance, the BIOUSDT contract will be available for trading on January 3 at 15:15 UTC.
Binance stated that funding rates will initially range from a maximum of -2.00% to +2.00% every 4 hours, but funding rates, maximum leverage, and minimum trading limit may change from time to time depending on market conditions.
BIO was listed on Binance today as of 13:00 GMT with a big rise.
Stay tuned