In a move that highlights its rapid pace of altcoin listings, Binance has just announced the addition of Solana Name Service (FIDA) to its futures trading platform, offering up to 75x leverage. As the world’s largest cryptocurrency exchange, Binance continues to expand its offerings, drawing attention from both traders and crypto enthusiasts alike.
Binance Lists FIDA with 75x Leverage
Binance made the official announcement today, confirming that FIDA/USDT perpetual contracts will now be available with leverage up to 75x. This move is part of the exchange’s broader strategy to enhance its futures trading options, giving users more flexibility in their trading decisions.
“Binance Futures will launch the FIDA/USDT perpetual contract with up to 75x leverage, starting at 12:30 (UTC) on 19.09.2024, expanding our trading options and enhancing user experience,” the company stated.
FIDA Price Surge After Binance Listing
Following the listing news, the price of FIDA experienced a significant spike, reflecting strong market interest. Traders quickly moved in, pushing the token’s value upward. Binance’s decision to list this altcoin with high leverage options has caused a ripple effect across the market.
With the addition of FIDA, Binance continues to position itself as a key player in the crypto space, known for its diverse altcoin listings and robust trading tools.
What’s Next for Binance and FIDA?
As Binance accelerates its listing process, more altcoins are expected to be introduced in the coming weeks, offering traders new opportunities. The price volatility associated with these listings, such as the surge seen in FIDA, highlights the exchange’s influence on market dynamics.
Stay tuned to Turkish NY Radio for the latest updates on altcoin listings, market movements, and cryptocurrency news.
