As a seasoned researcher who has witnessed the rapid evolution of the cryptocurrency market, I must admit that I find Binance’s latest move to list SANTOS Futures Contract intriguing. Having closely followed Santos FC and their partnership with Binance Launchpool since its inception, it’s fascinating to see how far this fan token has come.
In a thrilling turn of events within the crypto world, Binance is introducing a fresh addition to its futures market – the Santos FC Fan Token, specifically identified as SANTOS.
Binance Futures has announced that they will be introducing the SANTOS Perpetual Contract on October 28, 2024, at 2:00 p.m. (UTC). This step aims to broaden the selection of trading options available on Binance Futures and improve users’ trading experience.
On October 28, 2024, at 14:00 (UTC), Binance Futures is going to debut the USD-margined Santos Perpetual Contract. For further details, click here.
— Binance Futures (@BinanceFutures) October 28, 2024
The new SANTOSUSDT Permanent Swap, based on the Santos FC Fan Token (SANTOS), is set to debut, offering a maximum of 75 times trading leverage.
The fan token known as SANTOS represents the team Santos Football Club, which hails from the state of São Paulo, Brazil. This digital token was introduced through a collaboration between Santos FC and Binance Launchpool in November 2021. Known colloquially as Santos Futebol Clube, this sports club is based in Vila Belmiro.
With this new futures contract, traders are now able to predict and bet on potential changes in the value of the SANTOS token, even if they don’t actually possess it.
Santos price jumps 104%
Listing the SANTOS Perpetual Contract on Binance is a significant step forward, and as a result, the cost of the Santos FC Fan Token has seen a notable increase.
Currently, the Santos FC Fan Token is being traded at around $6.21, representing a significant increase of 104.13% within the last 24 hours. Remarkably, the token’s 24-hour trading volume has experienced an enormous jump of approximately 1,853.76%, reaching a staggering $213,891,641, according to CoinMarketCap statistics. The cryptocurrency’s market capitalization has also surged beyond $34 million.
Over the past seven days, Binance unveiled fresh listings for their Futures market, broadening the range of trading options available on the Binance Futures exchange. This week saw the debut of Perpetual Contracts for SAFE and Moodeng, offering up to 75 times leverage.
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2024-10-28 18:57