The Binance Futures platform is launching perpetual futures contracts for the Toncoin cryptocurrency on Friday, March 1st. You can trade the USDⓈ-M TON contract with a leverage of up to 50x.

Payments are made in USDT stablecoins. The tick size is 0.0001, the calculation frequency is every four hours.

Binance Futures promises that every USD-margined futures liquidity provider will receive a 0.005% maker fee discount on position trades within fourteen days.

Immediately after the official announcement of Binance Futures about the launch of perpetual futures appeared, the Toncoin (TON) cryptocurrency rate rose to $2.79. Over the past thirty days, according to the CoinMarketCap portal, the cost of TON has increased by more than 34%.

Previously, Pavel Durov, the creator of the Telegram messenger, promised that the decentralization of the Toncoin cryptocurrency would be preserved. The messenger team will not control the majority of the asset issue.