One of the world’s leading cryptocurrency exchanges, Malta-based Binance continues to roll out more products in its Futures market. Days after unveiling support for Ethereum Classic perpetual contracts paired with USDT, and with up to 75x leverage, the platform will now open its Futures market for Stellar Lumens [XLM].
An announcement by Binance read,
“Binance Futures will launch XLM/USDT perpetual contract and open trading at 2020/01/20 08:00 AM (UTC). Users will be able to select between 1-75x leverage.”
Notably, the exchange has started to take a precautionary measure in order to ensure that there would no market manipulation post the launch of the Futures product. The platform would be implementing a “pricing limit of ±1% on the mark price” within the first 15 minutes of post-trading. This move may have been a result of the exchange being drawn to the drastic price rise of certain cryptos, after announcing support for them on its platform. Read More...