KDA Price Rises 30% After Binance Futures Announcement
Kadena (KDA) futures trading on Binance begins today with 75x leverage.
KDA's stock rose 26% after the news.
Later today, Binance launched futures trading for Kadena (KDA) to provide user options and improve trade.
KDAUSDT Perpetual Contract to launch with 75x leverage.
Details of KDAUSDT Perpetual Contract Listing
Key points concerning Binance's futures debut today:
Launch: 13:00 UTC
Kadena (KDA) Asset
USDT Settlement Asset 0.0001 Tick Size
Capped Funding: +2/-2%
Fee for funding Settlements every four hours beginning today at 16:00 (UTC).
Markets open 24/7
Multi-Asset Mode: Supported
Maximum Leverage: 75x
Binance may adjust the Futures contract's characteristics based on market risk, according to its release.
The following Binance specs may change:
Additionally, Multi-Asset Mode lets customers trade the KDAUSDT futures contract with several margin assets. Users may trade the futures contract above using Bitcoin (BTC) margin in Multi-Asset Mode.
The KDAUSDT Perpetual Contract is also subject to Binance's Terms of Use and Futures Service.
KDA Price Rises After Binance Announcement
KDA rose to $0.64 after Binance's statement.
Over 26% higher in 24 hours, KDA has a market valuation of approximately $183 million.
A scalable variant of Bitcoin, Kadena (KDA) uses the PoW consensus method from Bitcoin and directed acrylic graph (DAG) principles.
Kadena offers Bitcoin's security and unmatched throughput, making the blockchain viable for corporations and entrepreneurs, according to the project team.
The multi-chain architecture of Kadena is decentralized and designed for widespread adoption.
