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

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.

AI Trading

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.

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.