CUDIS surged 21.45% after the perpetual contract was launched by Binance Futures with 50 times leverage.
CUDIS price reached a peak of 0.1377 USD and is currently trading around 0.126 USD, influenced by Binance's official launch of futures contracts for this coin.
MAIN CONTENT
CUDIS surged 21.45% shortly after the announcement of the Binance Futures contract.
CUDIS price peaked at 0.1377 USD and is currently around 0.126 USD.
The CUDISUSDT perpetual contract supports a maximum leverage of 50 times.
What is CUDIS and what are the latest price developments in the market?
CUDIS is a cryptocurrency token on exchanges and has recently recorded notable price fluctuations due to new events on Binance Futures.
Recently, CUDIS price increased by 21.45%, peaking at 0.1377 USD before a slight correction, currently hovering around 0.126 USD. This volatility directly reflects the increased interest and liquidity from the investor community.
This price increase was recorded on Binance Alpha, indicating the strong influence of derivative products on the underlying token price.
How did Binance Futures launch the CUDISUSDT contract and what impact does it have?
Binance Futures has launched the CUDISUSDT perpetual contract, allowing traders to use leverage of up to 50 times to take advantage of CUDIS price fluctuations.
The launch of this contract helps expand derivative trading options on Binance, contributing to enhanced liquidity and product diversity. At the same time, high leverage creates significant profit opportunities but also poses high risks, suitable for investors with good risk management experience.
The launch of the CUDISUSDT contract is an important step to meet the demand for diversifying trading strategies and enhancing the effectiveness of the cryptocurrency market.
Representative of Binance Futures, 2024
How does the perpetual contract with 50 times leverage affect the CUDIS market?
Maximum leverage of 50 times on perpetual contracts increases liquidity and boosts trading volume in the CUDIS market.
However, high leverage also means the risk of rapid losses if prices move in the opposite direction. Investors need market analysis skills and risk management to optimize profits from trading positions.
Frequently asked questions
What factors caused CUDIS to increase in price?
The price increase is mainly due to Binance Futures launching the CUDISUSDT perpetual contract with 50 times leverage, stimulating liquidity and trading demand.
What is a perpetual contract?
It is a derivative contract with no expiration date, allowing for long-term positions and the use of financial leverage.
How does 50 times leverage affect risk?
High leverage helps increase potential profits but also increases the risk of rapid losses if not managed well.
What is the current price of CUDIS?
CUDIS price is trading around 0.126 USD after reaching a peak of 0.1377 USD.
How to participate in trading CUDISUSDT contracts?
Users need to open an account on Binance Futures, have risk management experience and understand the leverage mechanism in derivative trading.
Source: https://tintucbitcoin.com/cudis-tang-2145-tren-binance-futures/
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