Binance Announces Support for Low-Cap Altcoin That’s Skyrocketed 200% This Month
The world’s largest crypto exchange platform by volume is launching futures trading for one under-the-radar altcoin that’s jumped 200% this month. In a new announcement, crypto exchange Binance says that it is launching futures contracts with up to 75x leverage for UXLINK, a decentralized social network using blockchain technology. “Binance Futures will launch the UXLINK/USDT perpetual contract… The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00%/-2.00%. The funding fee settlement frequency is every four hours.” UXLINK is trading for $0.454 at time of writing, up 3x since September 1st when it was trading at $0.151. The project has a market cap of $78.684 million, making it the 453rd largest cryptocurrency. According to UXLINK’s white paper, the project aims “to be the largest social platform and infrastructure, focusing on authentic real-world, bi-directional connections....