Binance Futures, a popular cryptocurrency exchange, recently launched perpetual contracts for two new assets, Comedian (BAN) and Akash Network (AKT). The announcement of these new listings has sparked significant market interest, with BAN’s price surging around 80% and AKT’s price rising about 25% following the news.
Binance Futures introduced the USDⓈ-Margined perpetual contracts for these coins on November 18, and both assets saw impressive gains. The futures contracts for BAN and AKT are settled in USDT, with BANUSDT and AKTUSDT as the key trading pairs. Traders can now trade these assets with up to 75x leverage, which has added excitement and volatility to these coins.
The ability to use leverage has amplified traders’ positions, contributing to the excitement surrounding these coins. Binance Futures’ decision to expand the range of assets available on its platform reflects its commitment to catering to a diverse set of traders. Since the listing on Binance Futures, BAN (Comedian) has seen a 470% increase in price in the past week, and its trading volume has risen significantly to $316 million.
AKT (Akash Network) has also experienced a notable uptick, with a trading volume of $136 million in the past 24 hours. These listings on a top crypto exchange have consistently driven coin prices higher, as evidenced by the strong performance of both BAN and AKT. The ability to trade with leverage adds an extra layer of excitement and volatility for traders, making these coins attractive opportunities for those seeking high-risk, high-reward investments.