Binance launches ETHW futures trading, causing ETHW price to surge
1. Binance recently announced the launch of Ethereum PoW (ETHW) futures, causing the price of altcoins to surge sharply.
Binance ETHW Futures: Binance Futures will launch ETHW futures with leverage up to 50 times. According to An’an’s announcement, ETHW futures are scheduled to start at 15:30 TRT today.
For ETHW futures, the maximum funding rate is +/-2%, with funding fees recalculated every four hours.
2. Announcement drives up ETHW price
ETHW price surged as Binance announced the launch of futures. The altcoin, which was trading at $2.5 before the news, surged more than 50% to $3.7 within minutes. The current price of ETHW is 833% lower than the historical high of $28 on September 16.
