The world’s largest crypto exchange, Binance, unveiled the launch of USD-margined perpetual contracts for AAVE and UNI on June 16, 2023. This decision aims to enhance liquidity in the crypto market while providing up to 75x leverage for traders.
Following the announcement, AAVE’s price increased by 6%, currently standing at 286 USD, while UNI saw a rise of over 7%, now at 7.68 USD. Both tokens exhibited strong trading volume increases, reflecting heightened trader interest.
Analyst Livercoin commented on AAVE’s resilience amidst recent market downturns. The increases in trading volumes indicate a significant uptick in investor sentiment, further supporting AAVE and UNI’s upward trends.
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