Binance Launches EOS Perpetual Contracts With Up to 75x Leverage, Price Didn’t Swing Like XRP’s
After launching XRP/USDT futures yesterday, today Binance has introduced its 5th perpetual contract, EOS/USDT with a leverage of up to 75x. The trading for EOS futures contracts will start on January 8 at 08:00 AM (UTC).
Unlike the XRP perpetual contracts that had the XRP price shooting up by nearly 15% in a day, the EOS price has only moved 1.79% in the past 24 hours. In past hurr, price is up 1.80% in the USD market.
However, it is possible we might see more movement as the day progresses and the community catches up with the announcement.
Currently, EOS is trading at $2.81 and up 5.25% to date in 2020 but down 1.55% against BTC.
In fact, XRP started surging before the announcement which has some speculating that there was insider trading involved.
This could be why, in the case of EOS/USDT perpetual contacts, Binance implemented a cap of ±1% of the marked price during the 1st half hour trading begins.