💦💦Binance Lists an Altcoin on Futures, Price Suddenly Explodes 30 Percent! 💦💦

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

According to the statement made on its official blog today, Binance will launch Tether (USDT) margined futures with a maximum leverage of 75x for REI Network (REI). It was announced that the REIUSDT contract will open for trading on September 27 at 15:00 (UTC).

Binance also stated that the funding rates may initially change between -%2.00 and +%2.00 every 4 hours, but these rates, maximum leverage, and minimum transaction limits may change over time depending on market conditions.

After the statement, REI coin gained 30% value, jumping from $0.059 to $0.078. However, there was a slight pullback later and REI is trading at $0.0733 at the time of writing.

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