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Binance, the leading exchange in the world of cryptocurrency, always attracts attention with its moves. The exchange has the potential to make waves in the crypto world with its announcements. Token listings, in particular, are welcomed with excitement in the industry. Now, a new move has come from the exchange. Let’s take a look at the details.
Altcoin FIS Move
Binance has expanded its range of borrowable and tradable assets by introducing FIS as a new borrowable asset on Cross Margin. In addition, new trading pairs have been added on Cross Margin. The newly introduced Cross Margin pairs include BAL/USDT, DEXE/USDT, DGB/USDT, and FIS/USDT.
Expanding the assets and trading pairs on the Cross Margin platform provides Binance users with more flexibility and opportunities for margin trading in various cryptocurrency markets. This reflects the platform’s ongoing efforts to improve its services and meet the changing needs of investors in the crypto ecosystem. It is worth noting that this move is especially relevant for FIS investors.
Binance Futures Opens Doors for This Altcoin
Binance Futures will launch the USDⓈ-M NTRN Perpetual Contract on November 14, 2023, at 15:00 Turkish time. This will allow traders to trade NTRN with leverage of up to 50x. During the launch, the maximum funding rate for the NTRNUSDT Perpetual Contract will be limited to +%2.00/-2.00.
In particular, funding fee payments are planned to occur every four hours, ensuring regular intervals for users to pay the funding fees associated with their perpetual contracts. This development is a reflection of the market‘s response to the diverse trading preferences of users in the crypto derivatives market. It also contributes to Binance’s range of perpetual contract offerings by catering to investors’ strategies.
