The Currency Analytics
By Dan Saada
Binance Perpetual Contracts 75x Leverage
Binance Futures – No suspicious Price Action
Binance recently announced that they are listing XRP on their Futures Trading Platform. Binance, the Malta-based cryptocurrency exchange, announced that they are listing…
The price of XRP improved after the announcement from Binance about the asset listing in the Futures Trading Platform; however, the same is not the case with Litecoin.
For criticisms like insider trading going on in Binance, Changpeng Zhao, the CEO of Binance, denied the assumptions.
CZ stated: “FUD. 1 Contracts are added to the API ahead of time, anyone can see it. 2 These are top 10 cryptos traded on many exchanges, with high liquidity.
The CEO knew that similar assumptions are to germinate in the future on further listings. Therefore, he gave a wholesome clarification stating that Binance Futures will add…
The CEO well knew that the suspicions are going to be never-ending. He wished to put an end to such comments, therefore giving a generic declaration for more listings.
Also, he opined that suspicious price actions are not happening for the first time. Suspicions are quite familiar with cryptocurrencies, which are in the top 10 lists.
However, the little action for Litecoin and the smaller spike in price action indicates there has been no strange pump. The suspicion of the pump for XRP continues.