The world’s largest cryptocurrency exchange Binance is starting futures trading for a newly listed altcoin.
In an official announcement today, Binance revealed that it will launch futures trading for ether.fi (ETHFI), which opened at 22x on the exchange, with up to 50x leverage using Tether (USDT) margin.
According to Binance, the ETHFIUSDT contract will go live at 18:30 UTC on March 18th.
Binance stated that funding rates could initially range from -2% to +2% and will be updated every 4 hours. They also emphasized that funding rates, maximum leverage, and minimum trade limits may change based on market conditions.
According to CoinGecko, ETHFI is currently trading at $3.68.
You can sign up for Binance with 20% off for trading here.
