đŸ”„đŸ”„Altcoin Rises 70 Percent with Binance Exchange: Listed in Futures! đŸ”„đŸ”„

Binance, the world's largest cryptocurrency exchange, is preparing to offer futures for a new altcoin.

Binance announced on its official blog that it will launch Tether (USDT) margined futures for FIO Protocol (FIO) with a maximum leverage of 75x. The FIOUSDT contract will open for trading on September 20 at 14:30 Turkey time.

According to the statement, funding rates may initially change every four hours between a maximum of -%2.00 and +%2.00. However, it was stated that funding rates, maximum leverage and minimum transaction limit may change from time to time depending on market conditions.

This listing news from Binance quickly pushed FIO's price up. FIO suddenly gained 72% from $0.0281 to $0.0482. After a slight pullback, FIO is trading at $0.04502 at the time of writing.

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