Binance Futures Adds XRP/USDT Contracts with 75x Leverage

Binance Futures Adds XRP/USDT Contracts with 75x Leverage

Binance’s expansion of their Futures service has continued with the launch of the latest listing on the service, XRP, which comes equipped with 75x Leverage.

This makes XRP the fourth major cryptocurrency asset to be listed on the platform following Bitcoin Cash, Ethereum and Bitcoin’s earlier listing on the service – with the latter being offered with 125x Leverage attached. Hence the XRP/USDT listing is a means to keep the momentum running on one of their youngest projects.

The promise of the 75x maximum leverage on the platform will naturally sweeten the pot and also tempt in a larger number of investors looking to check out the options available at Binance Futures. However, the project has already proved to be a successful one and boasted an impressive total trading volume of 99,090,000,000 USDT at the end of 2019. With the ambition for 2020 seemingly being to further that progression as they attempt to establish it as the go-to futures project.

This news comes less than a week after further improvements to the service were implemented. Namely, in the form of a new isolated margin mode being added to the platform. This coincided with a trading competition being offered up to the traders also. With the listing of XRP, a well-known asset in the world of crypto, the reasons to join Binance Futures keep mounting and are likely to continue to grow.

 “From the inception, we have been seeking ways in building a futures trading platform that allows traders to trade their favorite assets according to their trading strategies. We are confident that Binance Futures will eventually evolve into a platform for price discovery, crypto adoption, and value creation.” Aaron Gong, the Director of Binance Futures, explained.

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