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Comedian (BAN) surged 80%, and Akash Network (AKT) gained 25% following Binance Futures’ announcement of USDⓈ-Margined perpetual contracts for both assets. The new trading pairs, set to launch on November 18, offer up to 75x leverage, attracting high interest from traders.
BAN and AKT Debut on Binance Futures
On November 18, Binance Futures revealed that Comedian (BAN) and Akash Network (AKT) USDⓈ-Margined perpetual futures would be available for purchase.
The release from Binance states that both assets had significant price increases; BAN price surged 80% and AKT price rose 25% upon listing. The introduction of futures contracts for these coins caused a surge in market activity, indicating that traders were highly interested.
Key trading pairings for the new futures contracts settled in USDT include BANUSDT and AKTUSDT. Traders can now trade these assets with leverage of up to 75x, which is a huge draw for people who are looking for high-risk possibilities with great rewards.
The leverage feature allows traders to increase the size of their positions, which increases the risk and thrill associated with these coins. The leading cryptocurrency exchange, Binance Futures, has shown its dedication to diversifying its asset offering by making this choice.
BAN Records an 80% Price Surge
At its current price of $0.31, the Comedian (BAN) has had an 80% increase in value. With a top of $0.3992 and a low of $0.1798, BAN has had quite the day. The asset's price usually goes up after it's listed on major cryptocurrency exchanges.
Binance Futures, which operates similarly to MOG currency, has sparked a significant price movement, with a spectacular 470% spike in the last week, Coingape reports. The coin's market activity and liquidity have skyrocketed following the announcement, with a 24-hour trading volume of $316 million, indicating a considerable increase in trader interest.
Akash Network Attracts Trader Enthusiasm
Just like that, the price of Akash Network (AKT) has risen significantly, and it is now trading at $3.785. Over the past 24 hours, AKT's low has been $3.155, and its high has been $4.261. The 44% increase in AKT over the last week has only served to heighten the enthusiasm of the trading community.
The listing on Binance Futures has been essential in driving the price of the coin upward, with a trading volume of $136 million in the past 24 hours. Coin prices have been steadily rising after listings like these on a large crypto exchange, as shown by the impressive success of BAN and AKT.
