Binance Decides to List an Altcoin in Futures, Which Soared 90 Percent Today

Cryptocurrency exchange Binance has decided to list a new altcoin on its futures platform.

According to the official statement, BarnBridge (BOND) token will take its place on the platform with up to 50x leverage. The company will start futures trading for the token in question at 17:30 Turkey time (UTC 14:30) on October 15, 2023.

Following this development, the BarnBridge price moved further up from the level where it had already risen impressively. At the time of writing this article, the BOND price has increased by 95% in the last 24 hours and is traded at $ 5.81 million.

Chart with 5-minute candles showing the rise in the BOND price.

The token, which has a market value of $45 million, is also listed in the spot market on major cryptocurrency exchanges, including Binance. However, it is not yet traded on Coinbase.

As Bitcoinsistemi.com reported yesterday, the BOND price actually experienced a big increase yesterday. In a vote held on the decentralized platform of the altcoin, a decision was made to reach a compromise with the SEC and it was requested that all necessary penalties be paid.

When it was learned that a compromise would be made with the SEC, the BOND price experienced a sudden increase.

*This is not investment advice.

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