Binance Introduces Futures Trading for Ethereum-Based Altcoin with Over 50% Weekly Surge
The World's Largest Crypto Exchange Platform to Introduce Futures Trading for Ethereum (ETH)-Based Altcoin Surging Over 50% in a Week
"In an Exciting Move, Binance Announces 50x Leverage Futures Trading for Powerledger (POWR)" Crypto exchange giant Binance is set to introduce futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy market operating on the Ethereum (ETH) platform. Powerledger's primary goal is to democratize energy tokens, foster the decentralization of the energy grid, promote the transition to renewable energy sources, and empower consumers to monitor their energy consumption.
As stated on Powerledger's official website, their crypto asset is dedicated to leading the global democratization of the energy market, ensuring that people have access to the energy they require. Additionally, it allows individuals to directly participate in energy markets, ultimately enhancing their lives and those of others. Their mission extends to empowering both ordinary citizens and corporations, optimizing renewable energy generation, storage, and procurement. Moreover, Powerledger aims to establish a more resilient transmission and distribution system that is less susceptible to conventional grid failures.
Binance's announcement reveals that the futures contracts for Powerledger will become available as early as tomorrow.
Currently, POWR is trading at $0.247, marking a 22.5% decrease in the last 24 hours but showcasing impressive growth of 59% since October 19th when it was valued at $0.156.
Oct 27, 2023