After announcing the listing of BRC-20 Sats (1000SATS), cryptocurrency exchange Binance saw a sharp increase in its price. This increase was further strengthened by the support of up to 50x leverage provided by Binance Futures.
Binance announced the start of futures trading for 1000SATS. Binance Futures will start futures trading with up to 50x leverage for 1000SATS as of 17:00 TRT today.
The maximum funding rate for 1000SATS futures trading will be plus or minus 2 percent. The funding rate will be updated every four hours, as is the case with other futures.
Binance had previously announced that it would list 1000SATS in three trading pairs: 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY. Following the listing announcement, the price of the altcoin surged by more than 70% within a few minutes. The price surge intensified with the listing support of Binance Futures.
According to CoinGecko data, during the preparation of this article, the price of 1000SATS was trading at $0.000000523672 and had shown an increase of 159.7% in the last 24 hours. In the same time frame, the trading volume of the altcoin increased by 560%, reaching $159.49 million.