Binance Expands Market Support for XUSD & FORM

Cryptocurrency exchange giant Binance again captured substantial market attention with its latest update on StraitsX USD (XUSD) and Four (FORM) coins

Cryptocurrency exchange giant Binance again captured substantial market attention with its latest update on StraitsX USD (XUSD) and Four (FORM) coins this Wednesday. The exchange announced that it is expanding market support for these assets by adding them to its stockpile of trade offerings ahead.

In an upshot, traders and investors will be able to capitalize on emerging market opportunities with these crypto.

Binance Reveals Market Support For XUSD & FORM

In an official Binance release on March 15, the crypto exchange outlined that it is adding the abovementioned assets to the ‘Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures trading’ divisions. The platform’s colossal user base is primed to witness XUSD and FORM listing on ‘Simple Earn’ starting 08:00 UTC.

Further, users can buy these assets via VISA, MasterCard, Google Pay, Apple Pay, and Revolut, highlighting the CEX’s vast offerings. In addition, trading against BTC, USDT, and other cryptos will be supported on the ‘Convert’ division at zero fees within one hour of the coins’ spot listing.

Earlier this week, the top crypto exchange notified that the StraitsX listing is at 08:00 UTC on the abovementioned date.

What’s More For Traders In The Binance Announcement?

FORM/USDT crypto pair will be added as a new borrowable asset on ‘Cross and Isolated Margin.’ This offering will launch on the abovementioned date at 08:20 UTC.

Also, futures trading for FORMUSD will commence at 08:00 UTC. Traders can enjoy up to 50x leverage on the crypto’s USD-Margined futures contract facilitated by the exchange.

More About The Cryptos

Notably, StraitsX is a major stablecoin provider backed by the MAS (Monetary Authority Of Singapore). XUSD is a stablecoin pegged to the U.S. Dollar and runs atop Ethereum and Binance Smart Chain blockchains.

As of press time, the total supply for the stablecoin was 26.35 million tokens. Each XUSD is backed by reserve assets maintained at more than or equal to 100% of the value in circulation.

FORM price gained nearly 2% in the past 24 hours and exchanged hands at $1.79. The coin hit an intraday low and high of $1.54 and $1.80, respectively.

It’s worth pointing out that Four is a rebranded and token-swapped version of BinaryX (BNX). The token swap was completed in December 2022. Afterward, BNX was delisted from Binance and the new token, named Four, was listed.

Overall, the CEX continues to cement its global rankings with top-notch offerings for traders.

Intriguingly, CoinGape previously reported that Binance also unveiled support for MKR, EPIC, DF, GMX, and RPL, adding to its optimistic market endeavors.