The giant cryptocurrency exchange Binance continues to add new altcoin projects to its Futures platform. Recently, Binance, which attracted the attention of many investors with its announcement, announced that it will launch futures trading with up to 20 times margin for the popular altcoin SelfKey (KEY)! Here are the details…
Giant cryptocurrency exchange Binance is launching leveraged transactions for the popular altcoin SelfKey (KEY)!
As Kriptokoin.com, we have mentioned many times before, the popular crypto money exchange Binance continues to attract the attention of investors with its new announcements. The giant cryptocurrency exchange, which offers additional opportunities to investors by adding many altcoin projects to futures since 2022, announced that it will support a new altcoin.
Finally, the stock market, which announced that it will launch futures trading with up to 20x USDT margin for SelfKey (KEY), will implement this plan as of May 24, 2023 at 15:00. In its announcements, the stock market announced that investors should pay attention to these critical points:
- Binance Futures will launch the USDT-KEY perpetual contract with up to 20x leverage as of May 24, 2023 at 15:00.
- From time to time, Binance may adjust the KEYUSDT Perpetual Contract’s features, including confirmation size, maximum leverage, initial margin, and/or maintenance margin requirements, depending on market risk conditions.
- When Multi-Asset Mode is enabled, users can use BTC as collateral when buying and selling the KEYUSDT Perpetual Contract.
In addition, the giant cryptocurrency exchange Binance also conveyed details such as transaction limits, funding rate and maximum leverage in its announcement. The details are as follows:
After the announcement, KEY was on the rise!
The cryptocurrency exchange attracted the attention of many investors with its statements. Popular altcoin SelfKey (KEY) is on the rise. The popular altcoin, which saw an explosion in its price with the announcement, increased by up to 22 percent during the day, but regressed a little to $ 0.00722870, which is the instant level. In the last 24 hours, KEY came to the fore with a 17 percent gain. Its market value is around $43 million. The trading volume is instantly valued at $63 million.
KEY 24-hour price chartWhat is SelfKey (KEY)?
Selfkey (KEY) is a decentralized identity management platform that allows users to have full control over their identity data. The platform works as a self-governing identity system. In addition, SelfKey allows users to manage their own data. Additionally, users can use Selfkey to securely manage and move a crypto portfolio. Banks, investors, companies and exchanges can securely store their assets through the platform. Identity data may be stored by the data subject. The project is attracting great interest from investors after the listing of many cryptocurrency exchanges.
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