Binance Announces SOL/USDT Options Launch

user avatar

by Giorgi Kostiuk

2 years ago

The largest crypto exchange Binance is set to launch Solana options, stirring investor interest in the potential for a currency surge.

Solana Options Launch

Binance has announced the launch of SOL/USDT options on its Options Trading platform starting November 12. This announcement comes as investors anticipate Solana's potential to reach a new all-time high. The options will be available in daily and weekly formats and comply with European MiCA standards, meaning they can be exercised only on the expiration date.

Binance Funds Transfer

As part of its wallet liquidity management, Binance has transferred over 2 million SOL from its cold wallet to its hot wallet, amounting to over $374.82 million.

Solana's Prospects and Price Movement

In the past 24 hours, Solana recorded a rise to $191.95, but the rally has cooled to 0.64%. The bullish potential remains according to a positive MACD histogram. The current price is down 27.6% from the ATH of $260 reached on November 6, 2021. To continue its ascent, the price needs to stay above $171.52, allowing it to test resistance levels at $195.85 and $204.50.

Binance's launch of Solana options could significantly impact the market. Despite current fluctuations, the outlook remains positive. Investors should consider all factors before making decisions.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

NEAR Protocol Achieves 50 Million Operations Milestone

chest

NEAR Protocol's chain abstraction infrastructure has surpassed 50 million lifetime operations, marking a significant achievement in simplifying multichain crypto interactions.

user avatarArif Mukhtar

Solana Sees Significant RWA Inflows

chest

Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.

user avatarMaria Gutierrez

Aave Governance Considers Emergency Powers to Protect Users

chest

Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.

user avatarDavid Robinson

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.