LOKA token price up 20% after Binance futures listing announcement

The League of Kingdoms Arena (LOKA) token has experienced a sharp rise in market sentiment, fueled by Binance’s recent decision to list it on its futures offerings.

Since the announcement, LOKA’s price surged by nearly 20%, while its intraday trading volume skyrocketed by 155%.

This significant growth highlights the strong investor interest and the increasing prominence of the Play-to-Earn (P2E) gaming sector, in which LOKA plays a pivotal role.

Binance’s move is part of a broader strategy to expand its futures market and offer more options to traders seeking high-growth tokens like LOKA.

Binance announces LOKAUSDT perpetual contract

On September 24, Binance officially announced the launch of the LOKAUSDT perpetual contract, allowing traders to leverage up to 75x.

While this offers the potential for substantial gains, it also comes with significant risks.

The funding rate for the contract is capped at +2.00% / -2.00%, and the tick size is set at 0.0001.

Binance has indicated that these parameters, including funding fees and margin requirements, may be adjusted based on market conditions.

The introduction of the LOKAUSDT futures contract reflects Binance’s commitment to expanding its futures trading platform, catering to growing demand for a broader range of trading options.

This development boosts visibility for LOKA, positioning the token in front of a larger audience of traders and increasing its market liquidity.

With the LOKAUSDT perpetual contract, Binance is offering traders the ability to use its Multi-Assets Mode, which allows them to leverage multiple assets, including Bitcoin, as collateral for their trades.

This flexibility enables traders to craft more nuanced strategies that align with their portfolio preferences, increasing trading potential without being limited to a single asset.

Binance’s innovative trading features continue to set it apart from competitors, further boosting its appeal to both novice and seasoned traders.

LOKA Token price up as trading volume spikes by 155%

Following Binance’s announcement, the LOKA token surged to $0.2762, an 18% increase in under 24 hours.

This price jump was accompanied by a significant increase in trading volume, which spiked by 155%, reflecting strong investor confidence in the token.

This pattern of price and volume increases is often seen when tokens are listed on major futures platforms, as investors rush to take advantage of newfound liquidity and trading options.

LOKA’s rapid ascent underscores the growing interest in the Play-to-Earn gaming space, where blockchain-based games are gaining traction.

The Binance listing has provided a major boost to LOKA’s visibility and market performance, positioning it as one of the most-watched tokens in the P2E ecosystem.

The listing not only enhances the token’s liquidity but also puts it in the spotlight among high-leverage traders seeking new opportunities in the crypto market.

Investors and analysts will be keeping a close eye on LOKA’s performance, particularly in the wake of its futures listing, which has already sparked significant price and volume gains.

As the token rides this wave of investor interest, it could become a key player in the evolving Play-to-Earn landscape, providing a strong case for its long-term potential.

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