CZ and the whole Binance crew is at it again. This morning we get news from CZ that Binance one of the world largest exchanges have launched its third perpetual contract, XRP/USDT. Users will be able to select between 1-75x leverage. The contract is paired against Tether. Binance futures platform went live last September and is currently offering 3 additional contracts. Bitcoin, Bitcoin cash and Ethereum. All future contracts on Binance are tied to USDT.
According to CZ Binance, leverage was increased due to growth in institutional participation. You can find the official press release from Binance below.