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Binance Launches Futures for FLOCK and SKY, Leading to Price Increase

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by Giorgi Kostiuk

5 months ago

On September 10, 2025, Binance launched perpetual contracts for FLOCK/USDT and SKY/USDT with up to 75x leverage, resulting in a sharp price increase for both altcoins.

Impact of Futures Launch

The launch of perpetual futures contracts for FLOCK and SKY by Binance triggered a rapid price surge for both altcoins, highlighting Binance's strong influence on the cryptocurrency market.

Trading Activity and Volatility

The introduction of high-leverage futures contracts led to increased trading volumes and speculative activities on Binance. This bolstered liquidity for FLOCK and SKY, reinforcing their market positions against more established cryptocurrencies.

Risks of High Leverage Trading

While Coinbase and Upbit support bolstered FLOCK's performance, no major institutional funding was linked to the futures launch. Market participants remain cautious amid volatile trading environments heightened by new leverage options.

The Binance futures launch reflects a historical trend where new listings on the platform lead to short-term price surges and increased trading activity, while market participants must be aware of the associated risks.

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