Binance Expands Crypto Listings with XUSD and FORM
The world’s top crypto exchange Binance attracts market attention through its new product listing that includes StraitsX USD (XUSD) and Four (FORM).
Binance strengthens its domain in the crypto industry by announcing on Wednesday its plan to offer trading support for additional assets. Market participants follow all updates to watch for new ways to earn profits from current market growth.
StraitsX USD and FORM/USDT Margin Trading Schedule
On March 19, Binance informed its community about adding XUSD and FORM to all its investment and trading services including Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest and Futures Markets.
XUSD and FORM joined the “Simple Earn” platform at 08:00 UTC on the announcement day to allow Binance users easy access to these assets as part of its platform expansion.
Users can acquire these digital coins using multiple payment channels such as VISA, MasterCard, Google Pay, Apple Pay, and Revolut. Binance permitted free transactions for XUSD and FORM against BTC and USDT along with other supported coins during the first hour of their debut in the conversion zone.
On March 16 Binance confirmed to customers that StraitsX USD trading would start at 08:00 UTC on March 19. According to schedule, the FORM/USDT pair will become available to borrow on both Cross and Isolated Margin platforms at 08:20 UTC starting on 19 March.
The trading of FORMUSDT futures will start at 8:00 UTC with a trading leverage of up to 50x. Binance keeps adding advanced trading tools to support its users because this remains their ongoing policy.
XUSD and FORM Price Movements and Market Trends
StraitsX USD (XUSD) stands out as a stablecoin since Monetary Authority of Singapore (MAS) supports its value. XUSD functions as both an Ethereum and Binance Smart Chain stablecoin that is valued one-to-one against the U.S. Dollar.
There are presently 26.35 million XUSD tokens in circulation supported by assets that exceed or match the market value of all those tokens at their current level.
FORM gained 2 percent in value during the last 24 hours and its current market price is $1.79. During its daily market activities XUSD reached bottom prices at $1.54 and highest values at $1.80. Four stands as the new Form name after BinaryX merged with its tokens and continued to develop within crypto markets.
Binance pushes ahead with strategy to strengthen its position as one of the top centralized exchanges globally. The platform adds new asset listings through expanding its services to traders who want to use MKR, EPIC, DF, GMX, and RPL. The latest announcement makes Binance an even better trading platform for its expanding customer community.