Binance Launches Fluid Altcoin Futures Trading!

In a remarkable development today, Binance, the world's largest cryptocurrency exchange, began futures trading on the Fluid (FLUID) altcoin. On Wednesday, September 24, the exchange announced that it has opened the Tether (USDT) margined perpetual futures contract for trading with a maximum leverage of 75x.

Fluid is an innovative project that allows users and developers to manage and build decentralized finance (DeFi) portfolios. Binance announced that the funding rates will initially be set at 0.005%, which can be updated in the range of -2.00% to +2.00%. Funding fees will be calculated every four hours.

In addition, the exchange stated that beyond trading with only a single collateral asset, the futures contract is supported by the Multi-Assets Mode feature. This feature allows users to trade the contract with different collateral assets, such as cryptocurrencies like Bitcoin (BTC).

According to CoinGecko, the FLUID altcoin gained more than 50% today, climbing as high as $8. This rapid rise was triggered in particular by the listing news from the Upbit exchange. Investors continue to carefully monitor the repercussions of this situation and the ongoing movements in the markets.

While all these developments increase the interest in the Fluid altcoin, they also reveal critical points that investors should pay attention to. It should be noted that funding rates, maximum leverage ratio and transaction limits may change depending on market conditions. Among the elements that investors should continue to monitor, price fluctuations and trading volume stand out in particular.