There is an exciting development regarding an altcoin for cryptocurrency enthusiasts. Accordingly, Binance, the world’s largest cryptocurrency exchange, announced plans to launch perpetual futures trading for the altcoin Moonbeam (GLMR). This announcement is seen as preparation for a potential price increase. On the other hand, it marks an important milestone for Moonbeam, one of the most promising altcoins of the day.
Binance’s altcoin announcement sets the stage
Binance made its official announcement on Monday, September 25. Accordingly, it announced its intention to offer Tether (USDT) margin futures with up to 10x leverage for the altcoin Moonbeam (GLMR). In the statement, Binance provided important details, including funding rates, maximum leverage and minimum transaction limits. The exchange announced that the GLMRUSDT contract is planned to go live on September 26 at 04:30. More importantly, Binance retains the flexibility to adjust contract features depending on evolving market conditions.
Altcoin Moonbeam (GLMR) has begun its remarkable rise following the announcement of a notable listing on Upbit, South Korea’s largest cryptocurrency exchange. This listing served as a catalyst that ignited the rise in GLMR’s price. According to CoinGecko data, the latest price increase for GLMR can be attributed to Binance’s announcement. In just 24 hours, GLMR witnessed an impressive increase, jumping from $0.164 to $0.270. At the time of writing this article, it is trading at $0.261. It also demonstrates significant momentum and investor interest.
A bright future for Moonbeam (GLMR)
The launch of perpetual futures trading for the altcoin Moonbeam (GLMR) on Binance is noteworthy. Accordingly, it is a clear indicator that the potential of crypto money and the increasing interest it attracts in the market. The crypto community is eagerly awaiting the official launch of the GLMRUSDT contract. Additionally, all eyes will be on Moonbeam to see if it can continue its impressive run. On the other hand, the sharply increasing price has also attracted the attention of investors.
Binance’s decision to offer perpetual futures for altcoin Moonbeam (GLMR) is a significant move. Accordingly, it underlines the stock exchange’s determination to offer various investment opportunities to its users. Moonbeam’s recent increase with listing announcements and Binance’s support is noteworthy. When we look at it as Kriptokoin.com, it is a proof of the increasing influence of altcoins in the ever-developing world of crypto money. There is a short time until the GLMRUSDT contract is launched. On the other hand, the crypto community follows new developments and price movements in the Moonbeam (GLMR) world.
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