One of the largest cryptocurrency exchanges in the world Binanceis adding a new altcoin to its futures platform. The KDAUSDT perpetual futures contract will be available to users on Binance Futures at 16:30 on September 18, 2024. The contract will allow investors to trade with up to 75x leverage.
More Options for Binance Users with Kadena
Binance continues to offer its users a wide range of cryptocurrency trading opportunities. With the KDAUSDT perpetual futures contract Kadena (KDA) and Tether (USDT) will be able to make leveraged transactions. Thanks to this new transaction agreement, investors will have the opportunity to profit more from market movements or manage their risks.
KDAUSDT One of the most important advantages of futures contracts is the high leverage ratio. With the 75x leverage option, users will be able to make big profits even with small price movements. Of course, users who use high leverage will also take on high risk at the same rate.
KDAUSDT perpetual futures contract USDⓈ-Margined will be traded as, meaning the profits and losses of the trading pair will be calculated in USDT. Moreover, another important detail of the new trading agreement is the funding fee. In the initial phase, the funding rate will be a standard +/- 2.00 percent. The funding fee will be collected from investors every four hours.
After Binance’s announcement, the price of KDA rose sharply. According to CoinMarketCap data altcoin It rose over 27 percent to above $0.6419.
Things Investors Should Pay Attention to
On the other hand, Binance warned its users to be careful in leveraged transactions. Although high leverage increases potential gains, it also increases the risk of loss. Therefore, users need to follow the market trend carefully and act strategically.
This new investment option offered by Binance is especially risk management It can be a great opportunity for experienced investors who implement their strategies correctly.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
