Cryptocurrency exchange Binance continues to make moves in the altcoin market. The exchange announced today a significant development for two altcoins. Accordingly, Binance has launched perpetual contracts for NEAR and LTC in its futures trading. Let’s look at the details.
Binance’s Two Altcoin Moves
In an announcement made by cryptocurrency exchange Binance, it was revealed that perpetual contracts for NEARUSDC and LTCUSDC will be introduced to the market. The announcement stated:
“Binance is set to expand the list of trading options offered in Binance futures and enhance the trading experience for its users by launching the LTCUSDC Perpetual Contract with up to 75x leverage at 10:00 Turkey time on April 11, and the NEARUSDC Perpetual Contract with up to 50x leverage at 10:15 Turkey time on the same date.”
Binance’s move can be seen as a reflection of the recent price volatility in both altcoins. LTC has experienced a nearly 45% increase in the last two weeks and is trading at $101 at the time of writing. NEAR, on the other hand, has seen its price surge by almost 100% in the last month, reaching above $9, and is trading at $7.57 at the time of writing.
