Recently, as soon as the cryptocurrency exchange Binance announced its listing, the price of BRC 20 Sat (1000 SATS) rose as the power supplied through leverage increased. Binance’s futures trading arm, called Binance Futures, has unveiled a new addition: 1000SATS futures trading with fixed leverage of up to 50x.
Binance launches 1000SATS futures trading
Binance, the world’s leading Bitcoin exchange, announced the launch of a Sats contract worth 1 penny. Accordingly, Binance Futures Trading will begin trading 1000SATS futures with up to 50x leverage from 17:00 TRT today.
Futures Trading at 1000SATS
The funding ratio for 1000SATS futures trading will not exceed 2% in the most restrictive sense. Funding rates are updated every four hours based on how other futures exchanges perform.
Surging listings: 1000SATS/USDT, 1000SATS/FDUSD and 1000SATS/TRY
15:00 AM: Binance also announced that it will list 1000SATS on three trading pairs. Namely, 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TR. Then, in just a few minutes, the altcoin price suddenly surged by more than 70%. The price surge became more pronounced as listings increased thanks to the Binance Futures platform.
altcoin chart
Impressive gains for 1000SATS
As of the preparation of this article, the price of 1000SATS was trading at $0.000000523672, an improvement of 159, according to data obtained from cryptocurrency data and pricing platform CoinGecko. However, during that period, the altcoin’s trading volume increased dramatically from $25.71m to $159.49. m is 560%.
Understanding SATS: In Memory of Satoshi Nakamoto
SATS is a BRC-20 token in honor of the anonymous Bitcoin inventor, or Satoshi Nakamoto. For example, there is SATS, which stands for “Satoshi”, the smallest fraction of a Bitcoin, which is equal to 1 “Satoshi”, which is equivalent to 0.00000001 BTC. For reference, 1000SATS is worth a lot more than a single SATS.
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