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.
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]