We have been highlighting the need to prepare for consecutive announcements, and indeed, significant news has arrived. Binance has just revealed the listing of three new altcoins. In a market where volumes are increasing, investors are eager to see more alternatives. So, which altcoins has Binance chosen for listing?
Binance Altcoin Listing
According to the announcement from Binance, futures trading pairs with leverage of up to 75x will be activated for three altcoins. One of the listed altcoins, SWELL Coin, was also listed yesterday by Coinbase and several major exchanges. The announcement mentioned that further news about SWELL could contribute to the ongoing rise.
Performance of Listed Altcoins
The other two altcoins listed for futures trading are GRASS and DRIFT. Binance is actively listing altcoins in futures for risk-tolerant traders, especially those that are not available in spot markets. This move certainly brings more liquidity, enabling these altcoins to experience rapid increases in value.
As of the time of writing, SWELL Coin is trading at an all-time high on the exchanges where it has been listed, showing gains of over 30%.
After experiencing double-digit growth, GRASS Coin began to decline.
Similarly, DRIFT Coin saw an increase of about 10% before losing some of its gains. With the added liquidity from the listings, volatility may increase in the coming hours.
