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Reading: Binance Secures $2 Billion Investment and Launches Futures Trading
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COINTURK NEWS > Binance > Binance Secures $2 Billion Investment and Launches Futures Trading
Binance

Binance Secures $2 Billion Investment and Launches Futures Trading

In Brief

  • Binance secures a landmark $2 billion investment today.

  • The VICUSDT futures contract launches with 75x leverage on March 13.

  • VIC Coin shows recovery potential if it holds above key support levels.

Ömer Ergin
Ömer Ergin 1 year ago
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Binance announced a significant $2 billion investment, marking its first corporate funding. This event comes alongside the exchange’s debut futures listing after a prolonged period of anticipation. While the BTC price dipped below $81,000, conflicting statements from various Canadian authorities regarding tariffs have emerged.

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Binance Futures Listing

Binance Futures is set to launch the VICUSDT futures contract on March 13, offering a leverage of 75x. VIC, listed on Binance Spot, is a layer-1 blockchain platform. Its price has notably surged over the past two days, doubling its daily gains with the announcement leading to a nearly 10% increase.

Futures trading continues to attract attention even during dull market days. Despite billions in liquidations, short sellers expect further declines while those anticipating a turnaround search for opportunities to enter long positions.

VIC Coin has reclaimed levels not seen since late January, and if it can maintain support at $0.406, it could potentially rise to $0.57. Opening at $1.50 at the end of 2023, this altcoin has struggled to stay above this critical threshold for an extended period.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 12 March, 2025 - 6:28 pm 12 March, 2025 - 6:28 pm
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