Binance has secured a $2 billion investment as its first corporate funding and announced the launch of futures trading amidst market volatility and BTC's new price drop.
Binance's New Investment
The cryptocurrency exchange Binance secured a $2 billion investment, marking its first corporate funding. This major event aims to strengthen the company's market position.
Launch of VICUSDT Futures Contracts
Binance is set to launch the VICUSDT futures contract with a leverage of 75x. VIC, a layer-1 platform, has already shown significant price changes, increasing earnings by nearly 10% following the announcement.
VIC Coin Market Prospects
VIC Coin has reached levels not seen since late January, and if it maintains support at $0.406, it could rise to $0.57. After opening at $1.50 at the end of 2023, the coin continues to seek market stability.
The investment and launch of new futures contracts indicate Binance's ambition to expand its capabilities and strengthen its position in the cryptocurrency market.
