Binance Launches Futures Trading for FIDA Today
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Key Points
- Binance will launch futures trading for Solana Name Service (FIDA) today.
- The FIDAUSDT Perpetual Contract will launch with up to 75x leverage.
In an official announcement, Binance revealed the launch of FIDAUSDT Perpetual Contract today, September 19, at 12:30 (UTC) with up to 75x leverage.
Binance Futures continues to expand the list of trading choices while enhancing the trading experience for users.
Following Binance’s announcement, Solana Name Service (FIDA) recorded a significant surge of over 30%.
At the moment of writing this article, FIDA is trading at $0.29, and the token has a market cap of over $40 million. Earlier, FIDA’s price spiked above $0.33.
Earlier today, Solana Name Service (SNS) announced their support for Solana’s latest reveal of the Web3 mobile phone called Seeker. The Solana Seeker is an Android phone built with the Seed Vault wallet designed for high security.
On September 18, SNS revealed that their offers table was revamped. Via a post on X, SNS explained what the revamp brings new:
- There are no more drop-downs and tedious scrolling until users get what they want.
- The new table shows more clearly all offers made and received.
- Bulk actions, filters, and editing have been also incorporated for user convenience.
SNS announced that the next step for their offers table will be the addition of listings.
What is Solana Name Service (FIDA)?
Sonala Name Service, previously known as Bonfida is an important developer on Solana. The project gained popularity by bringing various contributions to the ecosystem via services and products.
Their contributions include the following:
- Creating a new Serum Core engine, the asset Agnostic Orderbook (AOB)
- Simplifying the way users transact with Solana Name Service
- Creating the first Perpetual Swap on Solana, Audaces
On July 15, the Bonfida project was rebranded to Solana Name Service (SNS). As they noted via X, the rebranding marked an important shift to their identity, but their vision remained the same – to be the best blockchain naming service on Solana.
The project’s token is called FIDA and it has a total supply of over 990 million tokens.
