- EOS becomes the fifth digital asset to be supported on the ever-growing Binance Futures.
- EOS price is lethargic under $3.0 but holds the potential for a rally along the day.
Barely two days after Ripple futures contact debuted on Binance Futures, the exchange has announced the launch of the EOS futures contract. In this support, EOS is paired against the Tether USDT and will see users have access to a maximum of 75x leverage. According to the announcement the support commences on January 8.
The futures contracts will see Binance users maximize profits amid the fall and rise in the price of EOS. The users now have access to Binance spot trading, margin trading and now futures trading.
Binance Futures platform has been gaining tremendous traction since its launch in September. Other contracts available on the platform include Bitcoin futures, Ethereum futures, Bitcoin Cash futures and Ripple futures.
Aaron Gong, Director of Binance Futures says that:
By introducing major digital assets with strong community engagement, we are driving closer to the mission of building a product for different segments of users. Ultimately, we believe the platform powered by the most powerful matching engine, better product design, and robust risk management mechanism will establish a leading position and earn the most users.
Meanwhile, EOS is trading at $2.89 following a 1.48% growth on the day. The larger cryptocurrency market is mixed red and green. However, the bullish assets are mainly reacting in tandem with Bitcoin’s surge to $8,400. EOS is still lagging its reaction to the support on Binance Futures, however, there is a chance that it could surge significantly just like XRP reacted on Monday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment
Ethereum (ETH) suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH (ezETH) crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective (INJ) price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
US intensifies battle against crypto privacy protocols following crackdown on Samourai Wallet
CEO Keonne Rodriguez and CTO William Lonergan of Samourai Wallet were arrested by the US Department of Justice (DoJ) on Wednesday and charged with $100 million in money laundering on a count and illegal money transmitting on another count. This move could see privacy-focused cryptocurrencies take a dip.
Near Protocol Price Prediction: NEAR fulfills targets but a 10% correction may be on the horizon
Near Protocol price has completed a 55% mean reversal from the bottom of the market range at $4.27. Amid growing bearish activity, NEAR could drop 10% to the $6.00 psychological level before a potential recovery. A break and close above $7.95 would invalidate the downleg thesis.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?