The price of DIA has been going up today, with an increase of more than 20% in the last 24 hours. This price surge has caught the attention of various investors, as many crypto markets are currently in the red.
In researching the main reason behind the DIA price surge, we found news about Binance listing the token in the futures market.
Details of the Binance Listing
Binance has announced the launch of the DIAUSDT Perpetual Contract. This is to increase the trading assets available to traders and improve users’ experience. The contract went live at 12:30 PM (UTC) today. It will offer traders leverage of up to 75x.
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Show more +Show less – Key specifics of the DIAUSDT Perpetual Contract include:
Maximum Funding Rate: At launch, the maximum funding rate will be +2.00% / -2.00%.
Funding Fee Settlement Frequency: The funding fees will be settled every four hours.
Adjustable Specifications: Binance reserves the right to modify the specifications of the futures contract as market conditions evolve. This can include changes to the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Multi-Assets Mode: This feature allows users to trade the DIAUSDT perpetual contract using multiple margin assets, subject to applicable haircuts. For instance, when Multi-Assets Mode is activated, users can utilize BTC as margin for trading this contract.
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Confirmation from Crypto Analyst
Wise Summit, a well-known crypto analyst with over 260,000 followers, corroborated this information, further fueling the excitement around the DIA token.
#Binance Futures will launch $DIA/USDT Perpetual Contract With Up to 75x Leverage today at 6:00 pm IST #DIA pumped 30%+ after the announcement. I already shared "The Alpha to Catch Major Pumps" a month ago. Check it out https://t.co/rF2TJkRbFW pic.twitter.com/76OVBDOW6T
— Wise Advice (@wiseadvicesumit) October 2, 2024
Being listed on Binance features will open DIA market up to new traders and more opportunities.
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