Binance has added LAB and RIVER altcoins to its futures trading.

The world's leading cryptocurrency exchange Binance has added two new altcoins to its futures trading platform, which investors are closely following. According to the announcement made on October 17, Friday, the exchange is preparing to open Tether (USDT) margin perpetual futures contracts for LAB (LAB) and River (RIVER) with a maximum leverage of 50x.

The LABUSDT contract will start trading at 17:30 (TSI), while the RIVERUSDT contract will begin trading at 17:45. LAB aims to develop high-performance investment strategies with its AI-supported research engine by providing a multi-chain trading infrastructure for spot, limit, and futures trading. Meanwhile, River seeks to strengthen the connection of assets, liquidity, and yield across different ecosystems by developing the first stablecoin system based on chain abstraction.

Binance announced that the funding rates for these futures contracts will initially range between -%2.00 and +%2.00 and will be updated every four hours. However, these rates may vary depending on market conditions, maximum leverage, and trading limits. The exchange also stated that these contracts will support the Multi-Assets Mode feature, allowing investors to trade contracts using various collateral assets such as Bitcoin (BTC).

These developments could potentially increase interest in new altcoins like LAB and River among investors. Additionally, considering the volatile nature of the market, it is recommended that investors closely monitor price movements of these new products. Moreover, the provision of greater diversity in exchange transactions may open up a broader range of investment strategies.