The launch of futures contracts for Comedian (BAN) and Akash Network (AKT) on the Binance Futures platform has generated significant interest in the markets. Following the listing announcement, an increase of approximately 80% in the BAN price and a 25% increase in the AKT price was observed. These rises have increased optimism among investors as both assets continue to gain momentum on the platform.
BAN and ACT
Binance Futures announced USDⓈ-secured perpetual contracts for Comedian (BAN) and Akash Network (AKT) on November 18. According to Binance’s statement, after both assets were listed, BAN gained 80% and AKT gained 25%. These contracts allow traders to trade these assets using up to 75x leverage.
The new contracts created the main trading pairs BANUSDT and AKTUSDT. Investors can grow their positions thanks to the use of high leverage; This causes increased volatility regarding coins and creates excitement in the market. This decision by Binance Futures is considered as part of its effort to expand the range of assets on the platform.
Comedian (BAN) price increased by 80% after listing to $0.31. In the last 24 hours, BAN gained value from $0.1798 to $0.3992. Such listings often lead to sudden increases in asset prices.
On the other hand, Akash Network (AKT) is trading at $3,785 at the time of writing, showing a similar bullish trend. The lowest and highest prices of AKT reached in 24 hours were $3,155 and $4,261 respectively. AKT increased by 44% last week and its 24-hour trading volume reached $136 million.
The listing of Binance Futures paved the way for other assets such as MOG coin to increase significantly before. MOG coin attracted attention with a 470% increase last week. This shows that Binance’s listing announcements created great activity in the market.
Binance Futures’ listing of Comedian and Akash Network led to significant increases in the market values of the respective cryptocurrencies. While high leverage opportunities and wide trading pairs offered attractive opportunities for investors, they increased volatility in the market. These developments are considered a strong indicator of Binance’s strategy to expand its crypto asset range.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
