Binance to Launch VeChain VET/USDT Perpetual Contract on Binance Futures | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Changpeng Zhao-led cryptocurrency exchange, Binance intends to launch VeChain (VET)/Tether (USDT) perpetual contract on its futures trading platform, Binance Futures. Also, users of Binance Futures who wish to trade the contract can choose between 1-50x leverage, according to a blog post on February 13, 2020.
VET/USDT Perpetual Contract Live on Binance Futures
Per the blog post, Binance has made plans to launch a VET/USDT perpetual contract on Binance Futures on February 14, 2020, at 08:00 AM (UTC) and interested traders users will be able to choose between 1-50x leverage.
“The perpetual contracts on Binance Futures are similar to the trading pairs on the spot market. They are priced and settled in the same manner.“
Notably, VET, the native altcoin of the VeChain distributed ledger technology (DLT) project is up by 2.84% within the past 24 hours and about 42% since the start of the year.
Crypto Twitter React
On Reddit and Twitter, the VeChain community showed a level of excitement regarding the news of a potential perpetual contract for VET on Binance Futures.
A user on Twitter tweeted that the VET/USDT perpetual contract on Binance Futures will attract real investors and not only shorters.