TL;DR
The launch of new perpetual contracts on Binance’s platform resulted in major green candles for two cryptocurrencies.
At the same time, the company delisted another perpetual contract, but the involved token surprisingly pumped after the announcement.
What a Pump
The world’s biggest crypto exchange expanded the list of trading choices on Binance Futures by introducing the STBL/USDT perpetual contract with up to 50x leverage. This type of product has no expiration date and allows traders to bet on price changes without actually holding the cryptocurrency.
STBL, the token involved in the offering, reacted more than positively to the news, with its price skyrocketing by almost 500% and briefly surpassing $0.20.
STBL Price, Source: CoinGecko
The cryptocurrency saw the light of day earlier this week and serves as the governance and utility token of a new stablecoin protocol, which combines yield, transparency, and real-world asset (RWA) backing.
Despite its price pump, STBL i
We współpracy z: https://cryptopotato.com/the-binance-effect-altcoin-skyrockets-500-after-exchange-support/
