Lorenzo Protocol (BANK) Sees 150% Price Surge After Binance Listing

The Lorenzo Protocol (BANK) experienced a 150% price surge after Binance announced the listing of a BANKUSDT perpetual contract. With BANK priced at $0.05097, this increase reflects a positive market sentiment. Traders anticipate further gains due to heightened exposure and interaction with the asset, alongside Binance’s additional plans to list Balance (EPT).

The Lorenzo Protocol (BANK) has witnessed a significant price surge of approximately 150% following Binance’s announcement regarding a new listing for the token. This rally reflects a bullish trajectory as the centralised exchange (CEX) launched the BANKUSDT perpetual contract, drawing considerable attention from traders and investors who are now speculating on future gains due to increased market exposure.

As of the latest report, BANK traded at $0.05097, marking an extraordinary increase of 145% in a single day. The price surged from an intraday low of $0.01839, responding positively to Binance’s announcement that included leveraging opportunities for traders of up to 50x.

Binance’s official press release stated that the launch of the USD-Margined perpetual contract occurred on April 18 at 18:30 UTC, and highlighted a capped funding rate of +2.00%/-2.00%. This new financial product will also be available for Futures Copy trading, enhancing the potential for returns for users.

The market sentiment around BANK has turned highly positive, with expectations of a significant influx of capital into the token, thus increasing investor interactions. This development has prompted crypto market watchers to closely follow the token’s progress, hopeful for further gains following the impressive listing announcement.

In addition to the listing for BANK, Binance has also announced plans to add Balance (EPT) for trading, indicating a busy week for the exchange and capturing the interest of the trading community.