Token

Bitcoin

Gains

Crypto exchange Binance has launched a Santos FC Fab Token (<a href="https://yellow.com/asset/santos" rel="noopener noreferrer nofollow">SANTOS</a>) <a href="https://en.coin-turk.com/binance-expands-trading-options-with-santosusdt-futures-contract/" rel="noopener noreferrer nofollow">perpetual contract</a> to enhance the trading options for users. This has caused a spike in Santos.
A perpetual futures contract of this kind lets crypto users trade with leverage 75 times more
Of late, the crypto exchange is attracting investors with sports-centric investment options with new products like the SANTOSUSDT futures contract. Crypto users can use USDT to do trading based on the Santos FC Fab Token. USDT is pegged against the US dollar.
While the maximum funding rate in the Santos project is between +2.00% and -2.00%, the smallest price movement is set at 0.001. With this feature, Binance wants to simplify risk management against high volatility in the crypto market as users can pay a funding fee every 4 hours.
The SANTOS perpetual contract will also allow crypto traders to use multiple assets, not just USDT. All other cryptocurrencies can be added as collateral because of the ‘Multi Assets Mode”. Traders can provide margin for SANTOSUSDT contracts using different cryptocurrencies like Bitcoin (BTC) which enhances flexibility along with enabling protection against volatility.
Santos FC Fab token's price surged 42.12% after the news of the Binance listing broke out on October 28. The altcoin reached the $4.74 level. The SANTOS token’s trading volume also rose by 55.15% to touch $26.89 million.
As of October 30 afternoon, <a href="https://coinmarketcap.com/currencies/santos-fc-fan-token/" rel="noopener noreferrer nofollow">SANTOS is trading</a> at $5.11, down by 5.18% in the last 24 hours. The altcoin’s market cap has reduced by 4.68% to touch $28.34 million while its trading volume is down by 62.24% to reach $101.83 million.

Santos FC Fab Token Gains 42% After Binance Listing

Yellow News

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