Binance Futures, the cryptocurrency exchange’s futures trading platform, has rolled out a perpetual contract for the XRP cryptocurrency. The contract, paired against Tether (USDT), offers leverage of up to 75 times, according to an announcement Monday.
The XRP/USDT contract appears to be the first such contract from a notable exchange. The Binance Futures platform went live last September and currently offers three more contracts – bitcoin (BTC), bitcoin cash (BCH) and ether (ETH) – all tied against USDT.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. It has been dubbed the biggest cryptocurrency exchange in the world in terms of trading volume.
The crypto exchange platform on it’s vision wrote:
“Our vision is to increase the freedom of money globally. We believe that by spreading this freedom, we can significantly improve lives around the world”
Binance will go a long way in it’s quest to be among the firms to shape the future of money as the exchange website keeps on updating and keying into new trends.