In a weekend announcement, Binance Futures announced that perpetual contracts between XMR / USDT will be launched by 08:00 am (UTC) today, February 3, 2020. This fresh feature allows users to buy, sell or trade perpetual contracts of Monero / Tether up to 75 times.
Remember that earlier in the year, January 7 specifically; the Dubai-based BTSE Stock Exchange merged XRP / USDT Perpetual Contracts into its program while the XMR / USDT Perpetual Contracts launch plan was in progress since November 2019 after the BTSE announcement.
Globally, the stance against privacy-protecting coins like Monero and ZCash hasn’t been favorable. The fact that the anonymity of User ID and transaction details is maintained makes this privacy-protecting cryptocurrency to be at war with financial regulatory bodies.
At the time of this report, XMR clinched 14th on listings of top cryptocurrencies by market cap given by the CoinMarketCap with an estimated total market cap of $1.3 billion.
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