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FLOKI Perpetuals Now Available on Phemex Crypto Exchange

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FLOKI

  • Phemex users can now trade FLOKI with a leverage of up to 20x.
  • BitMEX also introduced two new FLOKI perpetual listings to its platform.

Phemex, a cryptocurrency exchange has announced the addition of the FLOKI Inu perpetual trading pair to its platform. Phemex users can now trade FLOKI with leverage of up to 20x. Traders can now buy and sell the 1000FLOKI/USDT contract on the exchange.

Perpetual contracts are a type of derivative that allows traders to speculate on the future price of an asset without actually owning it. This means that traders can profit from both upward and downward price movements in the market.

#FLOKI perpetuals just got listed on Phemex — you can now trade $FLOKI with up to 20x leverage!
Phemex is a top #crypto exchange with over 5 million users in 200+ countries! https://t.co/57Zz5V1xPb

— FLOKI (@RealFlokiInu) May 12, 2023

Just two days prior, BitMEX, a major player in the crypto derivatives exchange space, announced that it would be introducing two new Floki Inu perpetual listings to its platform. The FLOKIUSD (Bitcoin-margined) and FLOKIUSDT (Tether-margined) pairs will be available for trading with leverage of up to 50x.

According to CoinMarketCap, FLOKI is currently exhibiting bearish signals. The cryptocurrency is being traded at $0.00003414, which marks a decrease of approximately 6.32% over the past 24 hours.

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