A low-cap altcoin is up after the world’s top crypto exchange platform by volume announced the listing of perpetual futures for it.
In a new announcement, Binance says it will launch support for Bitcoin (BTC) decentralized finance (DeFi)-focused platform Lorenzo Protocol (BANK) to Binance Futures.
Binance’s announcement came on the same day as BANK’s official launch on the BNB Chain.
News of the addition sent BANK flying as the digital asset went from a low of $0.03 on April 18th – its launch day – to a peak of $0.057 just a few hours later. The token has since retraced and is trading for $0.044 at time of writing, a 13% decline during the last 24 hours. BANK is a low-cap altcoin with a market cap of $18.85 million.
According to Binance, BANK/Tether (USDT) perpetual contracts with up to 50x leverage are available as of April 18th.
On its official website, Lorenzo Protocol says it allows users to stake Bitcoin to…
