Binance is launching USDT perpetual contracts for dForce and Phala Network’s native tokens on December 30th. Following the Binance Futures announcement, dForce rose by 26%.
According to the official announcement dated December 30th, PHAUSDT will be available for trading on December 30th at 11:30 UTC. Meanwhile, DFUSDT will be listed on the same day, but 15 minutes after the launch of PHAUSDT, specifically at 11:45 UTC.
Both perpetual contracts are offered with up to 75x leverage and a tick size of 0.00001. The maximum funding rate for DFUSDT and PHAUSDT perpetual contracts is +2.00% and -2.00% at launch. The financing fee is calculated every four hours.
Additionally, Binance will support multi-asset trading for both perpetual tokens.
Shortly after the announcement, the native dForce token rose by as much as 26%, according to data from crypto.news. At the time of writing, DF is trading at $0.095. In the last week, the native dForce token has risen by more than 30% and in the last month by 103.71%.
DF has a market capitalization of more than $83.2 million, placing the token at number 636 in the rankings. The native dForce token has a fully diluted valuation of $84 million and a 24-hour trading volume of $157 million.
On the other hand, PHALA only received a slight increase of 10% after the Binance Futures listing. However, the token’s long-term performance appears to reflect better prospects. According to CoinGecko, PHALA is up 327% in the past week and…
