Binance, the world's largest cryptocurrency exchange, announced that it will be listing new futures for 3 altcoins.
According to the announcement made by Binance on its official blog today, the exchange will launch Tether (USDT) margined futures with up to 75x leverage for Grass (GRASS), Drift (DRIFT), and Swell Network (SWELL).
According to the statement made by Binance, GRASSUSDT, DRIFTUSDT and SWELLUSDT contracts will be opened for trading on November 8 at 18:30, 18:45 and 19:00 Turkish time, respectively.
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.
According to CoinGecko data, SWELL and DRIFT increased with the listing news from Binance, while GRASS price decreased. DRIFT increased by 12%, GRASS decreased by 13% and SWELL increased by 21%.
Stay tuned.