Monday, April 12, 2021

SafePal to Build Strategic Partnership with ETCConsortium as ETC Goes Live on the Wallet

SafePal, a wallet that enables cryptocurrency asset management everywhere, has some hours ago announced the listing of Ethereum Classic (ETC) on its platform.

This report was first shared by SafePal via its Twitter handle. In the tweet, the crypto wallet described Ethereum Classic as a decentralized, smart, coupled with the classic and performing project.

The report also furthered that SafePal will form a strategic partnership with ETCConsotium in order to enhance the increase in the capacity of users and HODlers of ETC.

SafePal said, “ETC is LIVE on SafePal wallet! Ethereum Classic is a decentralized, smart, and classic project. We are happy to join the EthereumClassic ecosystem and build a strategic partnership with ETCConsortium, enabling more HODLers to store ETC in SafePalS1!”

Binance Futures Launches ETC/USDT Perpetual Contract With Up to 75x Leverage

About two days ago, Binance exchange announced that Binance futures will launch ETC/USDT perpetual contract, and to start trading the pair on 16th January 2020, at 08:00 AM (UTC). Considering the date scheduled for trading to commence, obviously, trading is already on for the pair on the exchange.

Additionally, users are enabled to choose between 1-75x leverage. So, in order to prevent market manipulation, the implementation of a pricing limit of ±1% on the mark price within the first 15 minutes after trading commences has been put in place by Binance exchange

Binance also reminded the users about the high risk in Futures trading, and the intense level of price volatility. Reiterating that there is a possibility for users to experience a huge loss or gain.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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