The cryptocurrency market continues its fight to sustain a strong recovery. The positive atmosphere is currently supporting various tokens, and exciting announcements are pushing some to make impressive moves. In a recent development, major exchange Binance announced the listing of a token on its futures market, sending its price soaring.
Binance to Launch FIO 1-75x U-Margin Perpetual Contracts
As reported by The Bit Journal, crypto exchanges are moving forward with their listing updates. Recently, Binance’s futures market listings have garnered attention, as the exchange’s announcements often trigger sharp price movements in the corresponding tokens. Investors and traders are keeping a close eye on these updates. In this latest development, Binance announced the listing of a surprise altcoin, offering up to 75x leverage on its futures market. Specifically, Binance will introduce FIOUSDT perpetual contracts with up to 75x leverage on September 20, 2024, at 15:30.
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Following this listing news, the token’s price skyrocketed. The altcoin surged from $0.02788 to $0.04664 within the day. At the time of writing, FIO was trading at $0.04281, up 55% on a daily basis. Additionally, the token’s trading volume saw an extraordinary 1,017% increase, reflecting the growing interest among investors and traders.
Binance Confirms New Telegram Mini Game ‘Moonbix’
In addition to the listing, Binance’s customer support team confirmed the launch of a new play-to-earn (P2E) game, Moonbix, which will be playable through Telegram’s Mini App. Rumors about this space-themed game, where players control a spaceship to collect various items, have circulated in the crypto community. Although Binance has not officially announced the details, early access links to Moonbix have already leaked, leading to speculation.
Binance commented, “We are aware that early access to our upcoming TG mini-app game Moonbix has been leaked ahead of its planned release. While we are excited about the community’s response, we continue to fine-tune the product to ensure the best possible user experience at launch.”
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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