Kaspa (KAS) with 50x leverage is listed in the futures section on Binance. The cryptocurrency Kaspa (KAS), which had a significant gain of 163% last month, appeared on Binance’s perpetual futures market for the first time. It allowed investors to take positions up to 50 times leverage in USDT pairings. Despite a slight price decrease of 4.49%, Kaspa continues to perform well in the crypto space.
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Kaspa (KAS), before making its name in the Binance futures market, made a splash with its successful crowdfunding campaign in June 2022. The cryptocurrency is avaliable on leading centralized exchanges (CEXs) like Bybit and Coinone alongside Binance, although it is not yet available for spot trading on Binance.
Binance Futures will launch the USDⓈ-M KAS perpetual contract with up to 50x leverage at 02:00 (UTC) on November 17, 2023.
You can find more details about the USDⓈ-M KAS perpetual contract in the table below:
About Kaspa (KAS) Fundings
- During the launch, the maximum funding rate of the KASUSDT Perpetual Contract is +%2.00 or -%2.00.
- The funding fee payment frequency is every four hours.
Kaspa (KAS) stands out with its PoW-DAG hybrid consensus mechanism that increases GPU mining efficiency. With these developments, it entered the top 30 cryptos in just 17 months.
The price prediction algorithm predicts that Kaspa could see a modest growth of 2.5% by December 17 due to the overall consolidation effect. This prediction is consistent with Binance’s dominant share of 43.9% in spot trading volume.