Binance Futures to Launch ALPHA/USDT Contract Trading
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Binance Futures to Launch ALPHA/USDT Contract Trading

November 23, 2020      Jafrin Ahmed

Binance Futures has announced officially on Nov. 23 on launching the ALPHA USDT-margined perpetual contract. Users of Binance Futures can now start trading the ALPHA/USDT perpetual contract trading, scheduled to start at 7:00 AM UTC on 23 Nov. 2020. The trading of the perpetual contract will allow users to leverage up to 1-50x. The ALPHA/USDT perpetual contract is a USDT margined futures contract that uses USDT as collateral.

Launch of ALPHA/USDT Contract Trading

The announcement of the new perpetual contract resulted the price of APHA/USDT to be up by almost 33.91% over the past 24 hours. As of the publication time, the price of ALPHA is currently trading at $0.216461 USD.

The market capitalization of ALPHA currently stands at $37,718,739 USD. Its past 24-hour trading volume stands at $46,419,801 USD as of the publication time.

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Data from CoinMarketCap shows that Alpha Finance Lab is currently ranked at 283 positions. The major crypto exchanges where ALPHA is currently trading are Binance, VCC Exchange, Dcoin, Bilaxy, and Coinone.

The total supply of Alpha Finance Lab is 1,000,000,000 ALPHA while its circulating supply stands at 174,136,442 ALPHA. If one has to analyze the price of ALPHA then we can see that the coin is up by almost 33.91% in the past 24 hours while up by almost 333.2% in the past 14 days alone.

On Nov. 23, ALPHA achieved its all-time high of $0.222200. Its all-time low was seen at the same month itself on Nov. 3 at $0.02570.

Contracts to Settle in USDT Stablecoin

Margin trading or leverage trading allows investors to leverage a certain amount where their investments can be multiplied. For instance, if a margin trader opens a trade with 100x leverage, the potential profit could multiply by over 100 times.

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Through the USDT-Margined futures, the contracts will be settled in the USDT stablecoin. Binance futures also allows trading perpetual futures contracts, where unlike the usual futures, contract traders can hold positions without an expiry date for the contract.

#50x leverage #ALPHA #Binance Futures #USDT #USDT-margined perpetual contract
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.