Ondo

Lisk

Standard

Time

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-futures-announces-leverage-trading-for-lisk-lsk/" data-wpel-link="internal">Binance Futures Announces Leverage Trading for Lisk (LSK)</a><br></p>
<p style="text-align: justify">The giant cryptocurrency exchange <a href="https://en.coin-turk.com/binance-overcomes-sec-pressure-continues-operations-unimpeded/" data-wpel-link="internal">Binance</a>‘s futures arm, Binance Futures, announced it will launch futures trading with up to 50x leverage for the blockchain application platform Lisk (LSK), aiming to create an accessible future where everyone can benefit from decentralized technologies. This announcement by Binance boosted the price of the altcoin by 40% within minutes.</p> 
<h2 style="text-align: justify" id="strong-binance-futures-move-on-lisk-strong"><strong>Binance Futures’ Move on Lisk</strong></h2> 
<p style="text-align: justify">Binance Futures, the futures arm of the world’s largest cryptocurrency exchange by volume, Binance, has announced that it will launch futures trading for Lisk today at 17:15 Turkish Standard Time (TSI) with up to 50x leverage.</p> 
<p style="text-align: justify">The maximum funding fee rate for the <strong>LSKUSDT</strong> perpetual futures contract during the launch will be the standard rate of +/- 2%. The frequency of funding fee payments will also be updated every four hours, as is standard.</p> 
<h2 style="text-align: justify" id="strong-binance-s-futures-trading-announcement-officially-skyrockets-lsk-s-price-strong"><strong>Binance’s Futures Trading Announcement Officially Skyrockets LSK’s Price</strong></h2> 
<p style="text-align: justify">Following the announcement that Binance would start futures trading, the price of <strong>LSK</strong> rapidly increased. After the cryptocurrency exchange’s announcement, the price of the altcoin rose by over 40% within minutes, from around $1.25 to as high as $1.42. According to current data, LSK has slightly pulled back, trading at $1.38.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-307143" src="https://coin-turk.com/wp-content/uploads/2024/01/LSK-Altcoin.jpg" alt="" width="1624" height="792"></p> 
<p style="text-align: justify">On the other hand, Binance’s announcement of futures trading increased LSK’s trading volume by an incredible 4,675%, reaching up to $318.92 million.</p> 
<p style="text-align: justify">Just before LSK, Binance Futures had launched futures trading for Ondo (ONDO) on January 20th.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-futures-announces-leverage-trading-for-lisk-lsk/" data-wpel-link="internal">Binance Futures Announces Leverage Trading for Lisk (LSK)</a></h5>

Binance Futures Announces Leverage Trading for Lisk (LSK)

Table of Contents

COINTURK NEWS

Other articles published on Jan 25, 2024

Telefonica and Nova Labs Revolutionize Connectivity with Helium Network Collaboration

Major XRP Ledger Feature Gets the Green Light

Will Solana (SOL) Hit $200 this Year?

Chinese Investors Defy Crypto Ban Amid Economic Uncertainty

Avalanche Foundation Announces Criteria For Meme Coins Selection For Its $100 million Culture Cat...

Bitcoin’s Recent Dip and Potential Recovery: Key Market Insights

Join our free newsletter for daily crypto updates!