Binance, the world's largest cryptocurrency exchange, continues its altcoin announcements.
At this point, Binance announced that it will launch futures trading with 50x leverage for the altcoin called POWR.
“Binance Futures will launch POWR Perpetual Contract with up to 50x leverage on 27.10.2023 02:30 UTC.”
POWR experienced a 30% increase after this news and rose to $ 0.493. POWR is trading at $0.408 at the time of writing.
*This is not investment advice.