The latest update from cryptocurrency exchange Binance has nabbed significant attention, offering investors a new opportunity to make returns despite the broader market uncertainty. The CEX behemoth revealed this Friday that it is opening trading for a new crypto, Balance (EPT), shortly ahead. Meanwhile, the exchange also revealed that it will commence futures trading for the same crypto soon.
As a result, market watchers are thoroughly observing this token, expecting price gains ahead in light of enhanced market support on one of the top crypto exchanges.
Binance informed users via an official press release on April 18 that Balance (EPT) will be open for trading on the Alpha platform starting April 21 at 12:00 UTC. The new crypto listing comes as the CEX exchange continues to tap into emerging market opportunities.
Additionally, the listing announcement highlighted airdrop eligibility details for the same crypto project. These details were exclusively for users who have purchased on Alpha using Spot or Funding accounts on the exchange between April 11 and April 17, 23:59 UTC.
Moreover, Binance added in its announcement that the EPTUSDT USD-Margined perpetual contract will also be launched on April 21 at 13:00 UTC. The underlying asset for this contract remains Balance.
Further, users can enjoy up to 20x leverage while futures trading this asset. This perpetual contract will also be available for Futures Copy trading within 24 hours of the launch.
For context, Balance is a next-gen AI+Web3 protocol and framework for social and gaming, seamlessly integrating AI technology, blockchain technology, and decentralized applications.
Usual market sentiments remain highly optimistic in the wake of listings on top crypto exchanges, as it enhances market exposure globally. Historically, airdrops, listings, and perpetual contract launches on the same exchange have ushered in remarkable price gains for tokens.
Intriguingly, CoinGape reported that Binance listed VIRTUAL the previous week, sparking investor optimism surrounding its price action. Since the announcement, VIRTUAL price has been up nearly 21% weekly. As a result, crypto market traders remain optimistic about the Balance (EPT) crypto launch on the same exchange.
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