Binance has announced the addition of perpetual futures for Toncoin (TON) on its Binance Futures platform, marking a significant event for market participants. Starting from March 1, 2024, traders will have the opportunity to trade these contracts with up to 50x leverage, opening up new prospects for speculative trading and risk hedging. The contracts will be settled in USDT stablecoin, ensuring convenience and transparency in transactions. Additionally, a multi-asset trading mode is introduced, allowing the use of various cryptocurrencies as margin.
This innovation has sparked significant interest in the cryptocurrency community, especially against the backdrop of Toncoin's price rising by over 9% to $2.7. Previously, Telegram announced plans to redistribute advertising revenue among channel administrators with payments in Toncoin, which also contributed to increased interest in this cryptocurrency. The project developers intend to sell a significant portion of coins to long-term holders to support the decentralization and stability of the project.
Thus, the addition of perpetual futures for Toncoin on Binance Futures not only expands the toolkit of traders but also underscores the growing recognition and popularity of Toncoin in the cryptocurrency world. This event could serve as a catalyst for further development and integration of the cryptocurrency into a wide range of financial and commercial operations.
