RATE Group | Binance Coin Surges Following Binance Futures Listing
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Binance Coin Surges Following Binance Futures Listing

10 Feb Binance Coin Surges Following Binance Futures Listing

Posted at 18:00h in Cryptocurrency News by

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Binance has officially introduced a new Binance Coin derivative product. The listing appears to have triggered a spike in demand for BNB allowing it to surge over 10%.

BNB Derivatives on Binance Futures

On Feb. 10, Malta-based cryptocurrency exchange Binance revealed that it listed a Binance Coin perpetual contract on its crypto derivatives trading platform, Binance Futures. 

The newest financial instrument is leveraged and paired against Tether (USDT) representing the 17th cryptocurrency to be added to the futures trading platform. Aaron Gong, the Director of Binance Futures, said: 

“We’ve introduced 16 altcoins to our platform as of today and have seen excellent growth in our altcoin trading volume, with some pairs quickly taking the number one spot in the futures market. The BNB contract has been a highly-demanded product and will continue to grow the industry impact of Binance Futures trading platform.”

The BNB/USDT perpetual swap is now available for trading and allows…

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