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Altcoins

FORTH rises 15% after Binance perpetual contracts launch

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FORTH rises 15% after Binance perpetual contracts launch

FORTH rose as high as 15% after Binance Futures announced it will be launching a USDT-margined perpetual contract for the Ampleforth token.

According to a recent Binance announcement, the USDT (USDT)-based perpetual contract will be available for trading on the platform on April 8 at 08:30 AM UTC.

Shortly after the announcement was released, FORTH shot up as high as 15%. The price neared its monthly peak of $2.60 when it landed on $2.58, mere minutes after Binance Futures declared it would be launching the FORTHUSDT perpetual contract. It reached a new all-time low just two days ago when it dropped to $1.89 on April 6, 2025.

At press time, the Ampleforth Governance token is up 12.4% and is currently trading hands at $2.53. In the past week the token has moved modestly by 3%. However, it has been on a declining streak in the past month, going down by more than 11%.

FORTH rises 15% after Binance perpetual contracts launch

Price chart for FORTH shortly after Binance announced it would be launching its USDT-margined perpetual contracts , April 8, 2025 | Source: CoinGecko You might also like: Binance adjusts leverage on multiple perpetual contracts, raising TRUMP to 50x

According to the Binance notice, the perpetual contract will be offered with up to 20x leverage and is supported for multi-asset mode.

Multi asset mode lets users trade the perpetual contract across multiple other margin assets outside of the one mentioned. However, it is still applicable to varying fee cuts, depending on the chosen margin asset. This means users can trade the FORTHUSDT perpetual contract with a BTC (BTC) margin or other tokens listed on Binance.

The maximum financing rate for FORTHUSDT upon launch will be capped at +2.00% and -2.00%. The funding fee calculation frequency will occur every four hours.

FORTH is the governance token for the Ampleforth ecosystem, which is a rebasing crypto protocol. Launched in 2022, FORTH holders can propose changes to the Ampleforth protocol or delegate representatives to vote on their behalf.

Read more: Ampleforth (AMPL) Launches Governance Token, FORTH

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