Binance Launches High-Leverage Futures Trading for Soaring Altcoin

The largest cryptocurrency exchange by trading volume, Binance, is introducing futures trading for UXLINK, a lesser-known altcoin that has surged 200% this month.

Binance has announced that it will offer futures contracts for UXLINK with leverage up to 75x. The new UXLINK/USDT perpetual contract will have a funding rate ranging from +2.00% to -2.00%, with fees settled every four hours.

Currently priced at $0.454, UXLINK has seen a threefold increase since September 1st, when it was valued at $0.151. With a market capitalization of $78.684 million, it ranks as the 453rd largest cryptocurrency.

UXLINK’s mission, according to its white paper, is to create a major social platform that emphasizes genuine bi-directional connections. It offers various user-friendly decentralized applications (Dapps) integrated with Telegram and other social platforms.

These Dapps include tools for onboarding, graph creation, group management, and Web3 social interactions. UXLINK aims to innovate by encrypting and standardizing real-world groups to function as Web3 operational units, advancing the interaction between social and virtual environments.