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 Tranchess (CHESS) with 75x leverage.

“Dear Binance users,

To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the CHESS/USDT Perpetual Contract with up to 75x leverage as of 2024/08/29 07:30 (UTC).

Following the news, CHESS price skyrocketed.

*This is not investment advice.