Cryptocurrency exchange Binance has officially announced it will be listing KAS, the native token of Kaspa.
This comes on the heels of CoinMarketCap finally recognizing Kadena’s market capitalization after much criticism for excluding the project. Cryptographur, who highlighted the situation in a tweet, thanked Binance CEO Changpeng Zhao (CZ) for deciding to list KAS. He also called on Coinbase CEO Brian Armstrong to follow suit.
According to an announcement from Binance, the KAS/USDT perpetual futures contract will launch on November 17 at 2:00 UTC. The derivative will enable up to 50x leverage.
Additional details are as follows:
- Settlement Asset: USDT
- Tick Size: 0.00001
- Capped Funding Rate: +2.00% / -2.00%
- Funding Fee Settlement Frequency: Every Four Hours
- Maximum Leverage: 50x
- Trading Hours: 24/7
- Multi-Assets Mode: Supported
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The listing represents a major milestone for Kaspa and validation after the CoinMarketCap debacle. With Binance’s massive user base, KAS now has exposure to a huge new audience. Meanwhile, the community awaits to see if Coinbase will follow suit and provide a further boost to the blockchain project.
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