By Solomon Odunayo
Binance, the arguably largest cryptocurrency exchange by trading volume has recently announced that Binance Futures will launch Tron (TRX) against Tether (USDT) (TRX/USDT) perpetual contract.
This new development was passed across via the official website and the Twitter handle of the cryptocurrency exchange.
#Binance Futures Will Launch @Tronfoundation $TRX/USDT Perpetual Contract With Up to 75x Leveragehttps://t.co/Oh6vN85Nae pic.twitter.com/FO5ZAM7Xdy
— Binance (@binance) January 14, 2020
According to the report, the trade will be opened for the trading pair (TRX/USDT) on 15th January 2020 at 8:00 AM (UTC). Users are reportedly liable to select between 1-75x leverage.
What Users Must Note
In order to prevent market manipulation, a pricing limit of ±1% on the mark price will be implemented by the exchange within the first 15 minutes after trading starts.
The exchange also reminded the users that the Binance Futures Tournament is still ongoing. For more information about the rules and how to participate, users can follow this link.
As always, the exchange warned the users to trade Binance Futures responsibly due to the risks that surround it. There is a possibility for users’ significantly loss or gain.
The exchange also reminded the users regarding the high price volatility that abounds in the market, reiterating that there is a chance for all margin balance in users’ futures wallet to be totally liquidated.