Following Binance’s announcement, the price of the FIDA token surged.
The FIDAUSDT perpetual futures contract will begin trading today at 18:30 GMT. Users can take advantage of up to 75x leverage using this contract. The launch of FIDA is seen as part of Binance Futures’ strategy to provide users with a wider range of investment opportunities.
The FIDAUSDT perpetual futures contract offers 75x leverage, allowing users to open larger positions with lower collateral. While such high leverage creates huge profit opportunities, it also brings equal risks. Investors must exercise caution and prioritize risk management when using such contracts. Binance Futures reminds users to invest wisely and supports them through a variety of tools and informational content.
The funding rate for the FIDAUSDT perpetual futures contract has been set at +/- 2.00%. This rate is considered the standard rate for perpetual futures contracts and will be calculated every four hours, reflecting the user’s open positions.
Following the altcoin listing announcement, the token’s price surged by more than 40% to $0.3297. The altcoin’s trading volume also increased significantly following the listing announcement. During the same period, trading volume increased by 277.69% to $20.52 million.
