Giant exchanges such as Binance offer different earning opportunities to their users by offering high leverage futures trading options. In addition, altcoins such as Swell Network, stake.link and Agoric aim to reach a wide audience of investors by being listed on multiple exchanges simultaneously.
Binance lists that altcoin project with leverage
Binance, the world’s leading cryptocurrency exchange, continues to expand the transaction options it offers to its users. The exchange attracted attention with a new announcement and announced that it would launch futures trading with 75x leverage for the altcoin called 1000000MOG. While this development offers investors higher profit opportunities, it also poses great risks. According to the statement made by Binance, these futures transactions, which can be traded with 1000000MOG/USDT pair, will be available to users on November 7, 2024 at 15:30 CET. This new trading option offered on the Binance Futures platform not only expands the leverage options offered by the platform, but also aims to improve the user experience.
What’s going on in other exchanges?
In addition to this move by Binance, Swell Network (SWELL) also started to be listed on many different exchanges. SWELL token, which will be traded simultaneously on leading exchanges such as MEXC, Bitrue, KuCoin, Bitget, BitMart and Gate.io, has entered the radar of investors. Swell Network, listed with the SWELL/USDT trading pair as of November 7, 2024, is frequently mentioned in the cryptocurrency world. Listing Swell Network on different exchanges increases liquidity and access opportunities, allowing investors to reach a wider audience. In particular, such simultaneous listings can increase the liquidity rates of cryptocurrencies and have a great impact on price mobility. Swell Network aims to expand its market volume and reach more users by meeting different audiences in every exchange it is listed on.
On the same day, there were remarkable developments not only in Swell Network but also in altcoins such as stake.link (SDL) and Agoric (BLD). The SDL/USDT trading pair for stake.link (SDL), listed on the MEXC exchange, offers investors a new opportunity. In addition, Agoric (BLD) entered the Philippine market by being listed on the Coins.ph platform with the BLD/PHP pair. Not only Swell Network, but also altcoins such as OAX and AIOZ Network began to be traded on the BitMart exchange. OAX/USDT trading pair and OAX token were offered to investors on the BitMart platform. AIOZ Network (AIOZ) was also listed on the same exchange with the AIOZ/USDT pair. On the same day, Pocket Network (POKT) token started trading on the AscendEX exchange.
