Binance Will Launch Futures Trading for VTHO

Key Points

• Binance Futures launches VTHOUSDT Perpetual Contract today, at 09:30 (UTC).
• VTHO continued its ascendant trajectory, surging by over 300% in the last 24 hours.

Binance Futures announced the listing of a new futures contract for VeThor Token (VTHO) to expand the trading choices for users and enhance their overall experience on the platform. VTHO debuted a significant price surge on January 21.

Binance Futures VTHO Listing Details

Binance Futures will list the VTHOUSDT Perpetual Contract today, January 22, with up to 75x leverage.

The futures contract will be launched at 09:30 (UTC).

Today, VTHO’s price debuted another ascendant trajectory ahead of the Binance Futures listing announcement.

VTHO Price Trajectory

At the moment of writing this article, VTHO is up by over 300%, reaching a market cap of over $776 million.

On January 21, VTHO’s price started a significant price surge following the Upbit listing announcement for the digital asset. Immediately after the announcement, the coin’s price spiked significantly.

The coin’s market cap surged from around $171 million, reaching a top above $855 million. After that, the coin’s market cap dropped to levels of around $388 million, and then, it started another surge to $796 million today.

What is VeThor Token (VTHO)?

VeThor Token is one of the two coins used by the VeChainThor public blockchain. In 2015, VeChain was launched, but it went through a significant rebranding process in 2018.

The native token of the platform is VeChain (VET) and VTHO plays an important role in the overall functionality of the blockchain.

VTHO is a VIP-180 Standard token, representing the cost of using the VeChainThor blockchain.

The bi-token design of the blockchain allows traders to take part in the project with both tokens, leading to a diversified involvement.

VTHO’s main purpose is to facilitate processes and transactions on the blockchain, representing the smart contract layer of the network.