Crypto Exchange Houbi Announces Listing of Crypto.com Coin ($CRO) Perpetual Swaps - Aliens: AI Crypto News & Markets Updates

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Crypto Exchange Houbi Announces Listing of Crypto.com Coin ($CRO) Perpetual Swaps

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CryptoGlobe

Thu, Nov 25, 2021

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Popular cryptocurrency exchange Huobi has announced it’s listing two new cryptocurrency swaps pairs for Crypto.com’s $CRO and for Fantom ($FTM).

When traders open a perpetual swap trade they are betting on the future value of an underlying asset – in this case CRO or FTM – and may have to pay funding fees over time.

Notably the price of CRO, the native token of the Crypto..com chain that was created to “build a network of cryptocurrency projects, and develop merchants’ ability to accept crypto as a form of payment,” has exploded this year after Crypto.com announced that one of the most iconic sports arenas in America, Staples Center, would be renamed to “Crypto.com Arena” as a result of a new sponsorship deal estimated to be worth around $700 million .

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