Binance to launch Celestia futures contract with 50x leverage

Cryptocurrency exchange Binance is set to expand its futures platform by incorporating Celestia (TIA), a layer 1 blockchain coin. The futures contract, which has a leverage ratio of 50x, is scheduled to launch at 21:00 Turkey time (UTC+3) Today.

Celestia was initially distributed via an airdrop and is currently valued at $2.23 per coin, with a market cap of $163 million. There are currently 74 million coins in circulation from a total supply of 1 billion, suggesting a possible market cap of $2.2 billion if fully circulated.

Prior to this development, Binance had already introduced TIA as spot in multiple trading pairs, notably alongside the Turkish Lira. This move signals the exchange's continued commitment to diversifying its offerings and providing traders with a wide range of options for investing in digital assets.

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