Binance Futures Introduces LOKA Perpetual Contract to Elevate Trading Experience

Binance
Futures is all set to introduce the LOKA perpetual contract today at 14:30 (UTC) in order to enhance the trading experience for users and provide more options for cryptocurrency trading. This latest contract will enable users to trade with a maximum leverage of 75x, giving them the potential to earn higher profits even from small price fluctuations.
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Features of the LOKA Trading Contract and Maximum Funding Rate
Listing Announcement Triggers Surge in LOKA Price
Features of the LOKA Trading Contract and Maximum Funding Rate
Initially, the LOKAUSDT perpetual contract will offer a maximum funding rate of +2.00% / -2.00%. The funding fee will be calculated every four hours and reflected in users’ accounts, enabling traders to effectively manage their positions.
Furthermore, Binance has indicated that it may revise the funding fee, minimum price step, maximum leverage, initial margin, and maintenance margin requirements based on market risk conditions.
Listing Announcement Triggers Surge in LOKA Price
Following Binance Futures’ announcement of listing, the cryptocurrency LOKA, associated with the game League of Kingdoms Arena, witnessed a significant surge in its price. According to CoinMarketCap, the altcoin soared by more than 20% within minutes, reaching $0.2959 after the announcement of the listing.


At present, the LOKA coin has slightly retraced and is trading at $0.2791. Meanwhile, the trading volume has also witnessed a significant increase, surging 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 that cryptocurrencies are highly volatile and carry a certain level of risk, and therefore, they should conduct their own research.