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While Binance, the world's largest cryptocurrency exchange, continues its altcoin announcements, the latest announcement came for Avalanche (AVAX).
At this point, Binance stated that it increased the leverage rate for AVAX and announced that it would launch the USDC margined AVAX Perpetual Contract with up to 75 times leverage.
“Dear Binance members,
To expand the list of trading options offered on Binance Futures and improve users' trading experience, Binance Futures will launch the USDC margined AVAX Perpetual Contract with up to 75x leverage at 07:00 (UTC) on 03/20/2024.
Users will be able to benefit from a 10% promotional transaction fee discount on all transactions in USDC collateralized futures contracts until 03.04.2024 at 12:30 (UTC).
AVAX continues to trade at $60 at the time of writing.
*This is not investment advice.