According to breaking information, Binance Futures will list the Ondo (ONDO) altcoin with up to 50x leverage.
ONDO, which has a market value of $280 million, is not yet listed in the spot market on Binance. However, the altcoin is listed on Bybit, one of the major cryptocurrency exchanges.
According to the official statement, ONDO trading on Binance Futures will be launched today at 16:00 Turkey time (UTC+3).
According to the statement on its website, ONDO provides on-chain access to US bond markets.
Investors connect their wallets, deposit USDC or wire USD, receive their tokens, and request a refund in stablecoin or USD whenever they want.
The token seems to be listed in accordance with the Real World Assets (RWA) trend, which has been on the agenda recently and has become one of the trends in the cryptocurrency world.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Source: https://en.bitcoinsistemi.com/just-in-binance-futures-announces-it-will-list-a-new-altcoin/