Binance Will Launch Futures Trading for PHA and DF

Key Points

Binance Futures will launch PHAUSDT at 11:30 (UTC) and DFUSDT at 11:45 (UTC).
PHA and DF recorded price surges following Binance’s announcement.

Toward the end of 2024, Binance continues the series of futures launches. Today, Binance Futures will launch Perpetual Contracts for Phala Network (PHA) and dForce (DF).

Futures Contracts Listing Details

The PHAUSDT Perpetual Contract will launch at 11:30 (UTC) and the DFUSDT Perpetual Contract will be launched 15 minutes later.

Both Perpetual Contracts will be launched with up to 75x leverage.

Binance has been listing more futures contracts in order to enhance the traders’ experience on the platform while expanding the list of trading choices.

The coins’ price experienced surges following the announcement.

PHA and DF Prices Surged

PHA’s Price Surge

PHA’s market cap surged from around $388 million to over $409 million, following the announcement by Binance Futures. The coin is now trading at $0.52 after nearing $0.53 earlier.

PHA was also the top gainer of the last seven days, as we reported earlier today. The coin is up by almost 9% in the last 24 hours.

What is Phala Network?

Phala Network is the Execution Layer for Web3. The project enables AI to understand and interact with blockchains, and it unlocks the barrier for the first billion users to join the Web3 ecosystem.

On top of the Phala Network, developers can build tamper-proof and unstoppable AI agents, integrated with smart contracts, as the team highlights.

DF’s Price Surge

The price of DF also surged following Binance’s announcement, climbing from $0.08 to over $0.1. DF’s market cap rose from over $83 million to more than $100 million after the exchange announced the futures listing for DF.

The coin is up by over 28% today.