Binance, the world’s largest cryptocurrency exchange, started the day with an altcoin announcement.

At this point, Binance announced that it will launch futures trading for the altcoin called BSW with 75x leverage.

“To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the BSW/USDT Perpetual Contract with up to 75x leverage starting on 2024-09-05 06:00 UTC.”

Following the news, the BSW price skyrocketed.

*This is not investment advice.