Key Points
- Binance launches futures buying and selling for Kadena (KDA) right this moment with as much as 75x leverage.
- Folowing the announcement, KDA’s worth spiked by 26%.
Binance introduced the launch of futures buying and selling for Kadena (KDA) later right this moment, in an effort to broaden the buying and selling selections supplied to customers and enhance their buying and selling expertise.
The KDAUSDT Perpetual Contract will launch with as much as 75x leverage.
KDAUSDT Perpetual Contract Listing Details
Here are the important thing particulars about right this moment’s futures launch by Binance:
- Launch time: 13:00 (UTC)
- Underlying Asset: Kadena (KDA)
- Settlement Asset: USDT
- Tick Size: 0.0001
- Capped Funding Rate: +2%/-2%
- Funding Fee Settlement Frequency: Every 4 hours beginning right this moment at 16:00 (UTC)
- Trading Hours: 24/7
- Multi-Asset Mode: Supported
- Maximum Leverage: 75x
According to the trade’s official announcement, Binance might resolve to alter the Futures contract’s specs, based on numerous market threat situations.
The specs which can be topic to potential change by Binance embrace the next:
- Funding price
- Tick dimension
- Maximum leverage
- Initial margin
- Maintenance margin necessities
It’s additionally price noting that Multi-Asset Mode permits customers to commerce the KDAUSDT futures contract throughout numerous margin belongings. When the Multi-Asset Mode is activated, customers will be capable to use Bitcoin (BTC) as margin once they commerce the futures contract talked about above.
Also, the KDAUSDT Perpetual Contract is topic to Binance’s Terms of Use and to Binance Futures Service.
KDA Price Surges After Binance Announcement
Following Binance’s announcement, KDA’s worth spiked to $0.64.
At the second of writing this text, KDA is up by over 26% in 24 hours and has a market cap of just about $183 million.
What is Kadena (KDA)?
Kadena (KDA) is a PoW blockchain that mixes the PoW consensus mechanism from Bitcoin with directed acrylic graph (DAG) ideas to ship a scalable model of Bitcoin.
According to the staff behind the venture, Kadena can provide the safety of Bitcoin whereas having the ability to present unparalleled throughput that makes the blockchain usable to enterprises and entrepreneurs.
Kadena’s distinctive infrastructure is decentralized and constructed for mass adoption because of its multi-chain strategy.
Other essential options of Kadena embrace the next:
- Energy-efficiency at scale
- Delivering extra transactions with the identical power enter
- Offering crypto fuel stations, permitting companies to pay for patrons’ fuel charges
KDA is the blockchain’s native token with a complete provide of 1 billion tokens.
