Binance Lists SYS Perpetual Futures on August 19
CryptoNewsTerminal Staff19 Aug, 2024
Binance Lists SYS Perpetual Futures on August 19
Binance, the world's largest cryptocurrency exchange by trading volume, has announced that it will list SYS perpetual futures contracts on August 19 at 9:30 PM (KST). The exchange will offer up to 50x leverage on the new futures contracts. SYS is the native token of the Syscoin platform, a blockchain project that aims to combine the best features of Bitcoin and Ethereum. Syscoin is used to pay for transaction fees and to secure the network. The listing of SYS perpetual futures on Binance is a significant development for the Syscoin project. It will provide traders with a new way to speculate on the price of SYS and to hedge their exposure to the cryptocurrency. It will also help to increase the visibility of Syscoin and to attract new users to the platform.
