Friday, April 16, 2021

Binance Futures Increases Maximum Leverage on XTZ/USDT Perpetual Contract to 75x

Binance, the largest cryptocurrency exchange by trading volume recently announced that Binance futures has increased the maximum leverage on the XTZ/USDT perpetual contract to 75x.

The exchange made this known via its official website and shared it on its Twitter feed a couple of hours ago.

The new development has now enabled users to select any leverage between 1x and 75x.

Conclusively, the exchange warned its users of the risk that abounds in futures trading, due to the high volatility of digital currencies in the market. There is a possibility for huge profits and devastating losses. So, users are advised to trade responsibly.

Interaction With Tezos Browser DApp On A Mobile Device Is Now Possible

According to AirGap, interaction with a Tezos browser DApp and signing transactions on mobile is now possible with Beacon Wallet.

AirGap shared this, “Interacting with a Tezos browser dApp and signing transactions on a mobile device? With Beacon this is now possible. Are you a developer working on a Tezos dApp? We’d love to hear your thoughts and feedback about Beacon.”

Tezos (XTZ) and Other Cryptocurrencies in the Market

The devastating price fall embarked upon by cryptocurrencies in the market a few days ago is still in play. This has also negatively impacted the performance of Tezos (XTZ) in terms of price.

The digital currencies led by Bitcoin have lost a huge part of their accumulated prices. This price nosedive has been attributed to the emergency interest rates cut announced by the United States Federal Reserves (FED) a couple of hours ago.

At the time of writing, XTZ is trading at $1.27, with a 20.15% price downtrend in the last 24 hours.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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