Tuesday, May 11, 2021

Binance Futures to Launch Tron (TRX) against Tether (USDT) Perpetual Contract

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.

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.

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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