RATE Group | Binance Futures Adding Chainlink Could Spark Major LINK Volatility
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Binance Futures Adding Chainlink Could Spark Major LINK Volatility

16 Jan Binance Futures Adding Chainlink Could Spark Major LINK Volatility

Posted at 21:44h in Cryptocurrency News by

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The margin trading wing of popular cryptocurrency exchange Binance has announced that they will soon be offering traders access to up to 75x leverage on popular cryptocurrency Chainlink (LINK).

The addition of LINK to the platform comes on the heels of the addition of Ethereum Classic (ETC), and just a couple months after they added other altcoins like Tezos and XRP.

The addition of margin trading capabilities to smaller altcoins tends to cause them to have heightened volatility, which may suggest that Chainlink will soon see a massive extension of the volatility it has incurred over the past several weeks and months.

Binance Margin Adds Leverage Trading Capabilities for Chainlink

The popular cryptocurrency trading platform announced in a tweet that they are now supporting perpetual contracts for LINK/USDT, allowing active investors to trade the cryptocurrency with up to 75x leverage.

“Binance Futures Will Launch @chainlink LINK/USDT Perpetual Contract With Up to 75x Leverage,” they…

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