LOKA Price Soars 20% On Binance Listing Announcement

2 months ago 14

The post LOKA Price Soars 20% On Binance Listing Announcement appeared first on Coinpedia Fintech News

Market sentiment around the League of Kingdoms Arena (LOKA) token is surging, thanks to Binance’s latest support for the Play-to-Earn (P2E) crypto project. Following the announcement, LOKA’s price jumped nearly 20%, while intraday trading volume skyrocketed by 155%, signaling strong investor interest.

Binance Expands Futures Offerings with LOKA

In an official Binance announcement on September 24, the leading crypto exchange disclosed that it is launching the LOKAUSDT perpetual contract today at 11:30 UTC. The exchange revealed that this move was to expand the list of trading choices offered on Binance Futures and enhance users’ trading experience.

Binance revealed that traders can leverage up to 75x when trading LOKA. The funding rate is capped at +2.00% / -2.00%, and the tick size for this contract is set at 0.0001. However, Binance also noted that contract specifications—such as the funding fee, tick size, leverage, and margin requirements—may be adjusted based on market conditions.

Multi-Assets Mode Offers Flexible Trading Options

With Binance’s Multi-Assets Mode, users can trade the LOKA/USDT perpetual contract using multiple margin assets. When this mode is activated, traders can even use BTC as margin, adding flexibility to their trading strategies.

LOKA Price Surge

Currently trading at $0.2762, LOKA has gained over 18% in the past 24 hours. The price surge follows the futures trading announcement, mirroring the pattern seen with other tokens that experience price jumps post-listing.