Binance, the leading global cryptocurrency exchange, has disclosed its plans to introduce TURBO, an alternative digital currency, for futures trading. In an effort to enhance the range of tradable assets on Binance Futures and elevate the user experience, Binance Futures is preparing to launch the perpetual contract for TURBO, collateralized in USDT and offering leverage of up to 50x. The TURBO perpetual contract is scheduled to go live on 30th May 2024 at 15:30 (UTC). This move by Binance aims to provide traders with more diverse trading options. Following this announcement, the value of TURBO surged by 10%. It is crucial to note that the details shared are for informational purposes only and should not be interpreted as investment advice. Readers are advised to conduct independent research or seek guidance from financial experts before making any investment decisions.
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