Kadena (KDA) is making headlines in the crypto market today following a significant announcement from Binance, the world's largest cryptocurrency exchange.
Binance Announcement
Just 10 minutes ago, Binance Futures took to X (formerly Twitter) to reveal that it will launch the KDA/USDT Perpetual Contract on September 18, 2024, at 13:30 UTC, with leverage options of up to 75x.
Market Reaction
The news immediately sparked a surge in Kadena's price, with the token skyrocketing by 24.27% within just one hour. Over the last 24 hours, Kadena's total gains now sit at 25%, reflecting growing interest and optimism around this development. The token currently has a market capitalization of $184 million, with a trading price of $0.06371 as per Coinmarketcap.
About Kadena Platform
Kadena is a public blockchain platform designed to enhance both the security and speed of blockchain technology. With this new perpetual contract listing, the platform is expected to gain more traction among traders and investors.
This announcement from Binance confirms the current high interest in the Kadena platform and demonstrates its potential for further growth.
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