Breaking News! Binance Announces New Listing as Altcoin Price Soars!

Last updated: October 28, 2024 2:41 pm

Published October 28, 2024

Crypto exchange Binance has announced the addition of a new trading option, expanding choices for its users by launching the SANTOSUSDT perpetual futures contract for Santos FC Fan Token (SANTOS). This new contract will offer up to 75x leverage, allowing users to maximize their positions.

Contents

Details of the SANTOSUSDT Perpetual Futures Contract
SANTOS Price Surges After Binance Announcement

Details of the SANTOSUSDT Perpetual Futures Contract

Binance’s focus on sports-oriented crypto investments shines through with the SANTOSUSDT futures contract, which lets users trade Santos FC Fan Token (SANTOS) while using USDT as collateral. With a minimum price movement of 0.001 and a capped funding rate ranging from +2.00% to -2.00%, this contract is designed to support effective risk management amid high volatility.

The Multi-Assets Mode is also available with this contract, giving traders the flexibility to use various cryptocurrencies like Bitcoin (BTC) as margin, rather than being limited to just USDT. This mode enhances user flexibility and offers protection against market volatility.

Binance has also stated that it reserves the right to adjust certain contract parameters based on market risk conditions. Such adjustments may include funding fees, minimum price increments, maximum leverage, and initial and maintenance margin requirements. These measures aim to ensure a secure and efficient trading experience for all users.

SANTOS Price Surges After Binance Announcement

Following Binance’s announcement, the price of SANTOS surged dramatically. The token rose by 42.12% to reach $4.74, and trading volume also spiked by 55.15% to $26.89 million. This sharp increase reflects heightened investor interest and activity surrounding the new listing.

Binance, SANTOSUSDT, perpetual futures, Santos FC Fan Token, Multi-Assets Mode

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Share This Article

ByEmiliano Trejo

Emiliano Trejo has spent the last 9 years immersed in the world of blockchain and cryptocurrencies, becoming a prominent figure in the industry. With a background in economics and a keen interest in decentralized systems, Emiliano has contributed to several groundbreaking projects, including the development of blockchain-based financial products and services. His expertise lies in the intersection of blockchain technology and economic models, where he excels in creating innovative solutions that leverage the benefits of decentralization. At DT NEWS, Emiliano shares his deep knowledge of the global cryptocurrency market, offering insights that help readers understand both the technical and economic implications of blockchain innovations.