Binance Crypto Trade Launches Futures Buying and selling for Ethereum-Primarily based Altcoin That’s Surged Over 50% in a Week

The world’s largest crypto change platform by quantity is launching futures buying and selling for one Ethereum (ETH)-based altcoin that’s jumped over 50% in every week.

In a brand new announcement, crypto change Binance says that it will likely be launching futures contracts with as much as 50x leverage for Powerledger (POWR), a decentralized vitality market constructed on high of ETH that democratizes vitality tokens.

In keeping with Powerledger’s official web site, the crypto asset goals to help the decentralization of the vitality grid, assist transition towards renewable vitality, and assist shoppers preserve observe of their energy utilization.

“We intention to steer the worldwide democratization of the vitality market in a method the place folks have entry to the vitality they want, can take part straight in vitality markets and enhance their lives and the lives of others…

Our mission is to empower strange residents and firms alike, in order that their renewable vitality era, storage and shopping for energy is harnessed in an optimum method. Our mission contains bringing continuity in transmission and distribution that’s much less liable to traditional grid failures.”

In keeping with Binance, futures contracts for Powerledger will begin being supplied as quickly as tomorrow.

POWR is buying and selling for $0.247 at time of writing, a 22.5% lower over the past 24 hours however a 59% enhance since October nineteenth, when it was transferring for $0.156.

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