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Binance Has Announced That It Has Listed A New Altcoin On Its Futures Platform

source-logo  en.bitcoinsistemi.com 21 October 2023 09:21, UTC

Binance Futures, Binance's futures trading platform, announced that it has launched a new perpetual contract for the Rootstock Infrastructure Framework (RIF), a project that aims to provide decentralized tools and technologies for building accessible DeFi products, according to its website.

The listing of the altcoin in futures transactions will take place today at 15:30 Turkey time and up to 50x leverage can be used.

The RIF project introduces itself on its official website as follows:

“RIF is a set of open source protocols that run on Bitcoin's smart contract platform, Rootstock (RSK). RIF enables developers to create applications that take advantage of Bitcoin's security, scalability and interoperability.”

RIF is currently listed as spot pairs on many major exchanges, including Binance, Gate.io, Poloniex and MEXC.

Following the listing news, there was a sudden increase in the price of the altcoin, with a jump from $ 0.097 to above $ 0.11. At the time of writing this article, RIF price is trading at $ 0.1074.

Graph showing the rise in RIF price following the listing news.

*This is not investment advice.