Bitcoin Exchange Binance Announces Listing of This Altcoin on Its Futures Platform! Here Are the Details
Binance, one of the world’s largest cryptocurrency exchanges, announced the launch of pre-market trading for the MONUSDT perpetual contract on its futures platform, Binance Futures. The new contract will begin trading today at 3:15 PM.
Binance Futures Launches MONUSDT Futures Pre-Trading
According to Binance, the pre-trading period allows users to discover market prices for the Monad (MON) token at an early stage and establish their positions before the market fully opens.
This feature presents a significant opportunity for investors looking to gain early access to the price dynamics of newly listed tokens.
Monad (MON) stands out as a Layer-1 blockchain project designed for high scalability and compatibility with the Ethereum Virtual Machine (EVM). The project aims to provide an advanced infrastructure for decentralized applications with faster transaction confirmation times and low gas fees.
Binance Futures stated that the new MONUSDT contract will enrich users’ trading experience and increase diversity in the futures market.
The exchange also emphasized that it reserves the right to make changes to contract features, such as leverage ratio, funding fee and collateral requirements, based on market risk conditions.
With this move, Binance continues to offer its users more strategic trading options by expanding its futures portfolio.
*This is not investment advice.
