In a surprising turn of events, Binance has announced that it will list UXLINK on its futures trading platform.
Before this listing news, UXLINK was already riding a wave of upward momentum. Since the announcement, the altcoin has seen its value soar by over 27% in just 24 hours.
Notably, UXLINK was not previously listed on Binance’s spot market. This move aligns with Binance’s recent strategy of listing altcoins not available on the spot market in its futures section. This tactic appears to be part of Binance’s efforts to recapture market share from other crypto exchanges.
With an approximate market cap of $70 million, UXLINK is also listed on major exchanges like OKX, Upbit, and Bybit. As a token within the Arbitrum ecosystem, UXLINK aims to enhance the adoption of Web3 social media platforms through its decentralized social exchange model.
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