Binance Will Launch Compound Perpetual Contracts With 50x Leverage
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Popular crypto trading platform Binance has announced it plans to launch Compound perpetual contracts.

According to the exchange, the contract for the COMP/USDT pair will be available on Binance Futures from 11:00 CET on June 30 and will allow users to open positions with up to 50x leverage.

It must be noted the COMP token, which was listed on the platform on June 15, is experiencing sharp price fluctuations and is currently trading at around $240.

Compound founder Robert Leshner said the volume of assets provided by users to lend and earn rewards on the COMP has recently exceeded $1B. Of this amount, most of the funds were credited to BAT, ETH and USDC with 31%, 24% and 21%, respectively.

Binance has also announced today the possibility of making fiat deposits on Binance DEX through MoonPay. According to the announcement, the option is available in more than 40 countries and allows users to buy BNB tokens directly.

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