Binance, one of the world’s largest cryptocurrency exchanges, announced that an altcoin project has been listed on its futures trading platform. Thus, cryptocurrency enthusiasts also set their eyes on BarnBridge (BOND) in the announcement. In a recent official announcement, Binance announced that investors can now access BarnBridge with up to 50x leverage. Here are the details…
Binance launches BOND futures today
The countdown has begun as Binance will begin futures trading for the BarnBridge (BOND) token on October 15, 2023 at 17:30 Turkey time. This development created a huge stir in the crypto community and pushed the already impressive BarnBridge price to new highs. Over the last 24 hours, BarnBridge’s value has increased by a staggering 95%, stunning investors. As of press time, BOND is trading at an impressive $6.13, reflecting its ever-increasing demand and market performance. The coin experienced this rise from $ 2.9 on a daily basis.
BarnBridge, which has a market value of $45 million, has already taken its place in the spot market of major cryptocurrency exchanges, including Binance. However, it is noteworthy that the token has not yet found its home on Coinbase. The recent rise in the BOND’s value can be partly attributed to developments just the day before. In a key vote on BarnBridge’s decentralized platform, it was determined that the project would opt for a settlement with the US Securities and Exchange Commission (SEC) and comply with all required penalties imposed.
Settlement with SEC attracted attention
This decision caused a sudden increase in the price of the BOND token as the project resolved regulatory issues. This decision, which represented an important step forward for the project, restored confidence in the market. That same day, the BarnBridge community demonstrated its commitment to compliance and regulatory cooperation. According to the Snapshot governance page, the “BarnBridge Legal Details Update” proposal was successfully accepted. This offering includes several important entitlements, such as:
- Authorizing Tyler Ward and Troy Murray and their representatives to take all necessary actions to comply with the SEC’s decision against BarnBridge.
- Authorizing BarnBridge Treasury to pay all required refund amounts pursuant to the SEC’s Order.
- Authorizing BarnBridge’s legal counsel, Douglas Park, to sign the final version of the Order on BarnBridge’s behalf.
- Authorizing the Treasury to pay all of Park’s bills related to the SEC investigation.
- Allowing the Treasury to sell the tokens it is allowed to sell and allowing Ward and Murray to distribute those tokens.
As BarnBridge’s journey continues to fascinate the cryptocurrency world, the addition of BOND to Binance’s futures platform and the project’s proactive approach to compliance provide an intriguing narrative. Cryptocurrency enthusiasts are eagerly awaiting the launch of BOND futures on October 15, a development that could further reshape the decentralized finance landscape. Stay tuned for more updates as BarnBridge’s journey progresses.
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