The market sentiment surrounding the League of Kingdoms Arena (LOKA) token is experiencing a significant surge. This comes on the heels of Binance’s latest initiative to support the Play-to-Earn (P2E) crypto project. Following Binance’s announcement, the price of LOKA skyrocketed by nearly 20%, while intraday trading volume saw an impressive increase of 155%, indicating robust investor interest.
Binance Expands Futures Offerings with LOKA
In an official announcement dated September 24, Binance disclosed its plans to launch the LOKAUSDT perpetual contract at 11:30 UTC. This move aims to broaden the trading options available on Binance Futures and enhance the overall trading experience for its users. Binance has revealed that traders can leverage up to 75x when trading LOKA, providing substantial opportunities for gains.
Key contract specifications have been outlined, including a funding rate capped at +2.00% / -2.00% and a tick size set at 0.0001. However, Binance also mentioned that these specifications—such as funding fees, tick size, leverage, and margin requirements—might be adjusted depending on prevailing market conditions. This ensures that traders can navigate the market with updated and fair trading terms.
Multi-Assets Mode Offers Flexible Trading Options
Binance’s Multi-Assets Mode introduces a new level of flexibility for users trading the LOKA/USDT perpetual contract. This mode allows traders to use multiple margin assets, including BTC, as margin. Such flexibility can significantly enhance trading strategies and risk management approaches, making it easier for traders to capitalize on market movements.
LOKA Price Surge
As of the latest trading session, LOKA is priced at $0.2762, marking an 18% increase in the past 24 hours. This price surge aligns with the futures trading announcement and mirrors trends seen with other tokens that experience price jumps following significant listings.
Stay tuned for further updates on LOKA’s journey as it continues to gain momentum in the crypto market. Investors and traders are keenly watching the token’s performance, and the future looks promising for those involved in the League of Kingdoms Arena project.
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For more information, keep an eye on the latest market trends and updates. The League of Kingdoms Arena (LOKA) token is poised for exciting developments, and Binance’s support is likely to play a pivotal role in its future success.
