Crypto exchanges Phemex and Binance announced that they will launch new trading contracts focused on the rising Turbo (TURBO) token. This move reflects general trends in the industry, but the success of such initiatives cannot be guaranteed due to the uncertainty of market conditions.

Cryptocurrencies and blockchain technology are still under the scrutiny of regulators around the world, and this may affect the future performance of such new tokens. In particular, many countries around the world are tightening regulations on cryptocurrencies, and this may hinder the growth of such projects.

As a result, new trading contracts focusing on the Turbo token could be a risky venture in an uncertain market environment. Investors should be careful when investing in such ventures.