An important news announced by Binance caused the FIDA token price to rise significantly. Specifically, the FIDAUSDT perpetual futures contract is scheduled to officially open for trading at 18:30 GMT today, a move that provides investors with the opportunity to trade with leverage of up to 75 times. The introduction of FIDA is seen as part of Binance Futures’ strategy to expand its service scope and provide users with more diverse investment opportunities.
The FIDAUSDT perpetual futures contract, with its leverage feature of up to 75 times, allows users to establish larger trading positions with relatively less collateral. However, it is worth noting that such high leverage, while bringing huge profit potential, also comes with corresponding high risks. Therefore, Binance Futures specifically reminds investors to be cautious when using such contracts and to put risk management first. To this end, Binance Futures provides a variety of tools and information content to support users in making informed investment decisions.
Additionally, following the altcoin listing announcement, the price of the FIDA token quickly surged, rising by more than 40% to reach a new high of $0.3297. The announcement not only boosted the price, but also significantly increased trading activity for the token. In the same time period following the announcement, FIDA’s trading volume surged by 277.69%, reaching a significant level of $20.52 million.
