Bitcoin

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Kadena

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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Binance launches futures trading for Kadena (KDA) today with up to 75x leverage.</li> 
 <li>Folowing the announcement, KDA’s price spiked by 26%.</li> 
</ul> 
<p>Binance announced the launch of futures trading for Kadena (KDA) later today, in an effort to expand the trading choices offered to users and boost their trading experience.</p> 
<p>The KDAUSDT Perpetual Contract will launch with up to 75x leverage.</p> 
<h2 id="kdausdt-perpetual-contract-listing-details">KDAUSDT Perpetual Contract Listing Details</h2> 
<p>Here are the key details about today’s futures launch by Binance:</p> 
<ul> 
 <li>Launch time: 13:00 (UTC)</li> 
 <li>Underlying Asset: Kadena (KDA)</li> 
 <li>Settlement Asset: USDT</li> 
 <li>Tick Size: 0.0001</li> 
 <li>Capped Funding Rate: +2%/-2%</li> 
 <li>Funding Fee Settlement Frequency: Every four hours starting today at 16:00 (UTC)</li> 
 <li>Trading Hours: 24/7</li> 
 <li>Multi-Asset Mode: Supported</li> 
 <li>Maximum Leverage: 75x</li> 
</ul> 
<p>According to the exchange’s official announcement, Binance may decide to change the Futures contract’s specifications, according to various market risk conditions.</p> 
<p>The specifications that are subject to potential change by Binance include the following:</p> 
<ul> 
 <li>Funding fee</li> 
 <li>Tick size</li> 
 <li>Maximum leverage</li> 
 <li>Initial margin</li> 
 <li>Maintenance margin requirements</li> 
</ul> 
<p>It’s also worth noting that Multi-Asset Mode allows users to trade the KDAUSDT futures contract across various margin assets. When the Multi-Asset Mode is activated, users will be able to use Bitcoin (BTC) as margin when they trade the futures contract mentioned above.</p> 
<p>Also, the KDAUSDT Perpetual Contract is subject to Binance’s Terms of Use and to Binance Futures Service.</p> 
<h2 id="kda-price-surges-after-binance-announcement">KDA Price Surges After Binance Announcement</h2> 
<p>Following Binance’s <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-kdausdt-perpetual-contract-with-up-to-75x-leverage-abfcc4f0f4424827925ab6280e02d989?hl=en" rel="nofollow noopener" target="_blank">announcement</a>, KDA’s price spiked to $0.64.</p> 
<p>At the moment of writing this article, KDA is up by over 26% in 24 hours and has a market cap of almost $183 million.</p> 
<figure id="attachment_50757" aria-describedby="caption-attachment-50757" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap.jpeg"><img loading="lazy" decoding="async" class="wp-image-50757 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap.jpeg" alt="KDA price in USD today" width="1200" height="800" title="KDA Price Up by 26% Following Binance Futures Announcement 22" srcset="https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/09/KDA_1D_graph_coinmarketcap-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-50757" class="wp-caption-text">
  KDA price in USD today
 </figcaption>
</figure> 
<h2 id="what-is-kadena-kda">What is Kadena (KDA)?</h2> 
<p>Kadena (KDA) is a PoW blockchain that combines the PoW consensus mechanism from Bitcoin with directed acrylic graph (DAG) principles to deliver a scalable version of Bitcoin.</p> 
<p>According to the team behind the project, Kadena can offer the security of Bitcoin while being able to provide unparalleled throughput that makes the blockchain usable to enterprises and entrepreneurs.</p> 
<p>Kadena’s unique infrastructure is decentralized and built for mass adoption due to its multi-chain approach.</p> 
<p>Other important features of Kadena include the following:</p> 
<ul> 
 <li>Energy-efficiency at scale</li> 
 <li>Delivering more transactions with the same energy input</li> 
 <li>Offering crypto gas stations, allowing businesses to pay for customers’ gas fees</li> 
</ul> 
<p><a href="https://crypto.ro/en/cryptocurrencies/kadena/">KDA</a> is the blockchain’s native token with a total supply of 1 billion tokens.</p>

KDA Price Up by 26% Following Binance Futures Announcement

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