Binance Futures Launches Perpetual Contract For VeChain (VET)

[image credit : Binance]

Binance announced that its futures trading platform, Binance Futures, which went live in September 2019, is launching a perpetual contract for VeChain (VET).

Here is how Binance Info describes VeChain:

“With the concept of ‘Live for Collaboration’, the VeChain project began in 2015 and is built to be the public blockchain platform supporting blockchain-based business applications offering real economic and social value.

“As a leading global enterprise level public blockchain platform, the VeChainThor Blockchain provides a comprehensive governance structure, a robust economic model, and advanced IoT integration, which can build a trust-free and distributed business ecosystem platform to enable a transparent information flow, efficient collaboration and high-speed value transfer.”

Binance Futures’ new product is being launched at 08:00 (UTC) on 14 February 2020.

According to Binance’s announcement, “to prevent market manipulation, Binance will implement a pricing limit of ±1% on the mark price within the first 30 minutes after trading starts.”

The other 20 perpetual contracts being offered by Binance Futures are BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, EOS/USDT, LTC/USDT, TRX/USDT, ETC/USDT, LINK/USDT, XLM/USDT, ADA/USDT, XMR/USDT, DASH/USDT, ZEC/USDT, XTZ/USDT, ATOM/USDT, BNB/USDT, ONT/USDT, IOTA/USDT, and BAT/USDT.

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