Good news: Today, Hive gets listed on Binance JEX. If you didn’t know, Binance JEX is a futures trading platform acquired by Binance from JEX.
It is also a trading platform offering upto 100x leverage. For now, Hive is only listed under spot trading.
Once again, such a listing will activate new sets of buyers. It has also led to an incredible pump — within few hours. 🚀
Few more important points:
If you didn’t know, margin trading was activated last week with 5x leverage. Listing on a futures trading platform is equally a good news.
This is the first time any futures trading platform has listed Hive.
JEX trading volume is around 50,000 BTC — 12 times less than Binance.
Even though JEX supports 100x leverage, there is no leverage trading available for Hive. Treat this as another way to trade.
One can use the same login details from Binance to access JEX.
This also means Hive is eventually regaining its trading volume. Was less in the last couple of weeks.
Overall, another worthy achievement. Apart from the price flunctuation, we will also witness more liquidity — more new users — increased visibility — and long-term growth.
In fact, in this era of DeFi tokens doing 10x to 100x, Hive’s price swinging between 20 to 25 cents is also going to attract traders and new holders. All in all, JEX listing is another move confirming Hive’s importance in the crypto space.
Good times are here! 🎉
Cheers,
Sid
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