Binance Lists Morpho and Boosts Its Market Activity

Coin-Turk 11 months ago 238

Binance has created new momentum in the cryptocurrency market by listing the decentralized finance (DeFi) altcoin, Morpho. This listing announcement quickly led to a significant increase in Morpho’s value.

Binance Provides Strong Support for Morpho

Binance announced that it would offer 75x leveraged futures contracts for Morpho, a decentralized lending protocol operating on the Ethereum $3,605 blockchain. This announcement resulted in an impressive 85.8% surge in Morpho’s price over the last 24 hours.

Currently, Morpho is trading at $1.67, with a market capitalization of $221.3 million, ranking it 347th among cryptocurrency projects. The project aims to enhance the efficiency and flexibility of borrowing processes using blockchain technology.

“The protocol ensures 100% capital utilization by matching liquidity on a peer-to-peer basis and offers better rat...

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