Binance, the world’s largest cryptocurrency exchange, started the day with the altcoin announcement.
Finally, making an announcement about Shiba Inu (SHIB), Binance announced that it will launch USD Coin (USDC) margin futures trading with up to a maximum leverage of 50x for 1000SHIB.
“To expand the list of trading options offered on Binance Futures and improve the trading experience of users, Binance Futures will launch the USDC margined 1000SHIB Perpetual Contract on 03/28/2024 at 07:00 (UTC) with up to 50x leverage.
For now, users will be able to benefit from a 10% promotional transaction fee discount on all transactions in USDC collateralized futures contracts. Starting from 03.04.2024 12:30 (UTC), users will be able to benefit from 0% Maker Fee and 0.017% Taker Fee on all transactions in USDC margin futures contracts.”
Following Binance’s announcement, SHIB increased by more than 6% in the last 24 hours, with the influence of the general market rise.
*This is not investment advice.