Tranchess

<p>The price of Tranchess ($CHESS) experienced a remarkable surge, jumping nearly 40% following its new listing on one of the world’s leading cryptocurrency exchanges, Binance.&nbsp;</p> 
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  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdOa6kxa5UnV5SA1HLwNT6lAsg3JSQgz4-NBWtlpGNF1ww2O5TNSkENLwvyYGZGMSLFzj8BF7zte8yIvfOwXWHIKFlsc9Z-cHp6WWhMLYH8xe1kqY0GLOj-4MntDDnTMEbjmYqD-F0nwRpG6WkUB2bL7fY?key=26MDyolOSx4QdCmSaB8Mzg" alt="Binance launched the CHESS/USDT">
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   Binance launched the CHESS/USDT, Source: <a href="https://x.com/Tranchess/status/1829058197942063164" target="_blank" data-type="link" data-id="https://x.com/Tranchess/status/1829058197942063164" rel="noreferrer noopener nofollow">Twitter</a>
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<p>The tokenized asset management and derivatives trading protocol saw its native token, CHESS, gain significant attention after Binance launched the CHESS/USDT perpetual contract at 07:30 UTC today. This listing allows traders to leverage up to 75x, contributing to the dramatic price pump.</p> 
<p>At the time of writing, the price has reached $0.2044, which has increased by around 40% in the last 24 hours. CoinGecko statistics show that the market capitalization has hit $34,990,415.</p> 
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  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe3poiZfOyfICPoj_kQmvlVvxqGtYUFjs4e5lWA3v3sZBydwq4Wwvy74HtgI0SlCeiH9tfpdsqT7ZUtwys2cMC49xoXKL2vQgHwQxKs09lN3Ffq-qK9wIAz8hDpJvSy7qEjiYW0ey71aSFCx685VOdEgFv8?key=26MDyolOSx4QdCmSaB8Mzg" alt="Tranchess ($CHESS) Jumps 40%">
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   Tranchess ($CHESS) Jumps 40%, Source: <a href="https://www.coingecko.com/en/coins/tranchess" target="_blank" data-type="link" data-id="https://www.coingecko.com/en/coins/tranchess" rel="noreferrer noopener nofollow">CoinGecko</a>
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<p>Binance’s decision to cap the funding rate for the CHESS perpetual contract at +2.00% / -2.00% further emphasizes the platform’s commitment to managing volatility and ensuring a stable trading environment. The sudden price increase highlights Binance’s influence in the cryptocurrency market, where listings often lead to substantial market reactions.</p> 
<p>This development follows similar trends seen with <a href="https://www.cryptotimes.io/2024/08/23/vidt-price-jumps-59-with-binance-perp-listing-announcement/" target="_blank" rel="noreferrer noopener">other tokens like VIDT</a>, which saw a 59% price jump after its perpetual contract listing on Binance.&nbsp;</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/08/29/simons-cat-price-jumps-69-in-a-week-ahead-of-cat-airdrop/" target="_blank" rel="noreferrer noopener">Simon’s CAT Price Jumps 69% in a Week Ahead of $CAT Airdrop</a></p> 
</blockquote>

Tranchess ($CHESS) Jumps 40% Following Binance Listing

The Crypto Times

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