Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements.

At this point, Binance announced that it will launch futures trading for the altcoin called BRETT with 50x leverage.

“To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the BRETT/USDT Perpetual Contract with up to 50x leverage starting on 2024-08-20 10:35 AM (UTC).”

BRETT, which rose by up to 10% following the news, increased by 32.2% in the last 24 hours.

*This is not investment advice.