Binance Announces VIDT DAO Perpetual Contract, Sparking 59% Price Surge
- VIDT price jumped 59% to $0.03623 following Binance’s announcement of a USDT-backed perpetual contract.
- The perpetual contract, launched on August 23, offers up to 75x leverage, enhancing trading flexibility.
- VIDT’s 24-hour trading volume surged by 27.99% to $32.12 million, while its market cap increased by 52.36% to $30.01 million.
One standout aspect of this development is the capped funding rate of +2.00% / -2.00%, a feature that could stabilize trading and attract more investors to VIDT DAO.
As Binance continues to introduce innovative trading options, the crypto exchange solidifies its position in the global market, potentially setting the stage for further bullish trends in emerging tokens like VIDT.
