Cryptocurrency experts name a digital asset that grew by 62% in a week

The value of the Bitcoin SV (BSV) cryptocurrency has soared by almost 30% over the past 24 hours. The significant increase in the value of the coin occurred on the back of the announcement that Binance Futures will launch a USD-M BSV perpetual contract with leverage of up to 50x.

The digital coin’s market capitalization jumped by about $ 330 million during the reporting period. The total supply of BSV assets on the market amounted to $ 1.05 billion. Daily transaction volumes exceeded $ 330.6 million. The overall exchange rate grew by more than 62% over the past week.

Binance representatives emphasized that the maximum funding rate for theBSVUSDT perpetual contract will be 2.00% / -2.00%. At the same time, the period for calculating funding fees will be every 4 hours.

Bidders can use their bitcoins as margin when trading on the BSVUSDT perpetual contract. It is subject to all Binance platform terms and conditions, as well as futures contract service agreements.