Binance, the world's largest cryptocurrency exchange, has announced plans to list two new altcoins, VINE and PIPPIN, in futures with 25x leverage. The altcoins will be launched on Binance Futures, offering users a wider range of trading options. The announcement comes as Binance continues to expand its offerings and enhance user experience.
Binance, the world's largest cryptocurrency exchange, continues to broaden its horizons with the announcement of two new altcoins, VINE and PIPPIN, to be listed on its futures platform [1]. The addition of these coins aims to provide users with a more extensive range of trading options.
The announcement comes amidst Binance's ongoing efforts to expand its offerings and enhance the user experience. The exchange's CEO, Richard Teng, anticipates a positive regulatory environment under the newly inaugurated U.S. President Donald Trump, which could potentially lead to new all-time highs for the crypto industry [1].
Binance's exit from the Russian market earlier this year did not hinder its growth trajectory. The exchange sold its Russian operations to a newly created community exchange and fully exited the country [2]. Despite this, Binance remains committed to serving its global user base.
VINE and PIPPIN, the latest additions to Binance Futures, are not new to the crypto space. However, their listing on the platform provides traders with an opportunity to speculate on their price movements using leverage. Leverage can amplify both gains and losses, making it essential for traders to exercise caution when using this feature.
The launch of these altcoins on Binance Futures is expected to attract a significant number of traders, particularly those who are familiar with the coins and leverage trading. Binance's commitment to providing its users with a diverse range of trading options underscores its position as a leading player in the cryptocurrency exchange market.
References:
[1] CNBC. (2025, January 21). Bitcoin will hit a new all-time high in 2025, Binance CEO says. https://www.cnbc.com/2025/01/21/bitcoin-will-hit-a-new-all-time-high-in-2025-binance-ceo-says.html
[2] The Moscow Times. (2023, September 27). World's Largest Crypto Exchange Exits Russia. https://www.themoscowtimes.com/2023/09/27/worlds-largest-crypto-exchange-exits-russia-a82574
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