Binance Futures, the futures platform of the cryptocurrency exchange Binance, is set to introduce perpetual contracts for Toncoin (TON), expanding its futures offerings. In a post on March 1, Binance announced the launch of the TONUSDT perpetual contract, scheduled for March 1 at 12:30 UTC, featuring a maximum leverage of up to 50x.

It's worth noting that Binance currently does not support spot trading for TON. While the platform provides coin price tracking and market information for TON on its website, the only available product for TON is a futures contract.

The introduction of the TONUSDT perpetual contract by Binance aligns with the recent surge in interest surrounding TON. This week, TON has experienced growth following an announcement by Pavel Durov, the founder of the Telegram messenger, offering a financial reward to owners of Telegram channels for displaying advertisements, with payments in TON cryptocurrency.

In response to this news, TON's price witnessed a notable 30% increase on Feb. 28, rising from $2.15 to $2.64 in less than an hour. Following Binance's announcement of the TONUSDT contract, the token continued its upward trend, recording over a 3% price increase to $2.70 in the past 24 hours.

Despite concerns from some users regarding the potential impact of the new ads feature on the centralization of the TON ecosystem, Durov addressed these worries by announcing measures to limit Telegram's share in TON to approximately 10% of the supply. Excess assets in TON will be sold to long-term investors, according to Durov.#TrendingTopic #BTC #sol #Write2Earn‬ #BinanceSquareExplorers