The world’s largest cryptocurrency exchange Binance will make a new listing for an altcoin in futures trading.
In an announcement today on its official blog site, Binance declared that it will launch margin futures for Avalanche (AVAX) with a maximum leverage of 75x on USD Coin (USDC).
According to the announcement by Binance, the AVAXUSDC contract will be available for trading at 10:00 AM GMT on March 20.
Binance stated that funding rates could initially fluctuate between a maximum of -0.375% and +0.375% every 8 hours, but depending on market conditions, funding rates, maximum leverage, and minimum trade limits can change from time to time.
According to CoinGecko data, AVAX is currently trading at $61.03 with a 19.9% increase in the last 24 hours.
