In a significant development for its users, Binance is introducing a new token to its futures trading platform, thus expanding the range of choices for cryptocurrency investors. The exchange has announced the addition of the SANTOSUSDT Perpetual Contract for the Santos FC Fan Token (SANTOS). This contract allows traders to access leverage of up to 75x, enabling speculation on the price movements of SANTOS without the need to own the token. SANTOS, which was launched in collaboration with Binance Launchpool in 2021, represents Brazil’s Santos FC football club.
According to reports, the listing of SANTOS on Binance has led to a remarkable surge in the token’s market performance. SANTOS has experienced a price increase of over 100% and a trading volume surge of nearly 1,850%.
As part of its efforts to diversify trading options on the platform, Binance has recently expanded its futures line-up. The exchange has added contracts for SAFE and Moodeng, both of which offer leverage of up to 75x.