Binance Futures is all set to unveil the LOKA perpetual contract, enhancing the trading experience for users and expanding their options for cryptocurrency trading. With this new contract, users will be able to trade with a maximum leverage of 75x, enabling them to potentially earn higher profits even from minor price fluctuations.
Features of the LOKA Trading Contract and Maximum Funding Rate
The LOKAUSDT perpetual contract will initially offer a maximum funding rate of +2.00% / -2.00%. The funding fee will be calculated every four hours and reflected in users’ accounts, allowing traders to effectively manage their positions. Furthermore, Binance has stated that it may make adjustments to the funding fee, minimum price step, maximum leverage, initial margin, and maintenance margin requirements based on market risk conditions.
Listing Announcement Triggers LOKA Price Surge
After the listing announcement by Binance Futures, the value of LOKA, a cryptocurrency associated with the game League of Kingdoms Arena, witnessed a rapid surge. According to CoinMarketCap, the altcoin experienced a price increase of over 20% in just a few minutes, reaching $0.2959 following the news of its listing.
As of the time of writing, the LOKA coin has slightly retraced and is currently trading at $0.2791. At the same time, the trading volume has also seen a significant boost, rising by over 135% to nearly $19 million.
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Disclaimer:
The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.
