CDS Crypto News SYN Futures Started on Binance: Price Rise Unabated
Crypto News

SYN Futures Started on Binance: Price Rise Unabated

61
SYN Futures Started on Binance Price Rise Unabated

Binance Launches SYN Futures: Offering 50x Leverage

Binance Launches SYN Futures: Offering 50x Leverage

Leading cryptocurrency exchange Binance announced a big development for the Synapse universal interoperability protocol on Friday. The crypto exchange disclosed the SYN token’s futures listing. After the listing news yesterday, traders reacted quickly, and the price saw an increase in value of around 42.17%.

  • As per Binance’s official statement yesterday, the exchange is prepared to introduce the USD-Margined perpetual contract for SYN at 12:30 UTC.
  • Trading SYNUSDT offers users leverage up to 50x.
  • For the Synapse, a capped funding rate of +2.00% / -2.00% was established.

Synapse Token Price Hits a Ceiling with Binance Announcement: $0.7524 Level Seen

The underlying asset Synapse is a protocol for universal interoperability that makes cross-chain communication possible. Furthermore, a great deal of optimism has been generated among market players by the token’s futures listing on one of the top exchanges in the world. Excessive leverage drives higher trading volume and market attention by enticing additional players to engage in the asset.

The price of Synapse has increased by more than 40% since Binance’s announcement. The price of SYN is currently trading at $0.7075; it has reached a low of $0.4588 and a high of $0.7524 in the past 24 hours. Additionally, there has been a significant 268.46% spike in trading volume during the past day, indicating trader interest.

For more up-to-date crypto news, you can follow Crypto Data Space.

SYN Futures Started on Binance: Price Rise Unabated
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

The Cryptocurrency Market Turns Bullish: Top Tokens Poised for 100x Growth Post-XRP ETF Approval

The cryptocurrency market is entering a bullish phase, with several standout tokens...

Convex Finance (CVX) Price Prediction 2024 – 2030

Convex Finance (CVX) Price Prediction 2024 - 2030

ME Token Airdrop: A Major Move for Solana and Magic Eden Users

Get ready for the ME token airdrop on December 10! Find out...

Dogecoin Hits One-Week High as Altcoins Surge in Crypto Market

Dogecoin, XRP, Stellar, and Cardano are experiencing significant price surges, with XRP...