💵💵How Did Binance's FIO Move Affect the Price of FIO Coin? 💵💵

Cryptocurrency exchange Binance announced that it will open the FIOUSDT perpetual futures contract, based on the FIO Protocol (FIO) asset, for trading at 15:30 today, offering a new opportunity to its investors. This step allows users to trade in USDT and offers leverage of up to 75 times.

The FIOUSDT perpetual futures contract allows investors to trade 24 hours a day, every day of the week, and draws attention with its high leverage rate. While the funding fees of the contract are calculated every four hours, the maximum funding rate is set at +/- 2.00%. In addition, the minimum price movement, or "tick size", has been set to 0.00001; This allows investors to take positions more sensitive to price fluctuations.

The Multi-Assets mode offered by Binance allows users to trade with different collateral assets. When this mode is active, investors can use other cryptocurrencies such as BTC as collateral in the FIOUSDT contract. However, since this option is subject to certain collateral deductions, it is important for investors to be careful about risk management.

Following Binance's announcement, a rapid increase was observed in the price of FIO Coin. FIO, which gained more than 70% in a short time, rose to $ 0.046. Along with the price increase, the trading volume also increased by more than 563%, exceeding $ 12 million; this shows the intense interest of investors.

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