In the ever-evolving landscape of cryptocurrency, it seems like there’s always something to keep us on our toes! Just when we thought we’d seen it all, Binance rolls out its support for Phala Network, right on the heels of a staggering 260% price spike. This support isn’t just a routine upgrade—Binance’s introduction of Multi-Assets Mode is a game changer, allowing traders to leverage multiple assets like BTC for margin trading. And let’s not forget Phala’s exciting partnership with the AI framework ai16z, which puts privacy-first cloud computing at the forefront of Web3 AI. With analysts speculating that Phala may reclaim its all-time high of $1.40 soon, the question looms—will this be the start of another thrilling ride for PHA holders? If you’re curious to dive deeper into this sizzling story, LEARN MORE.
Key Notes
- Binance’s launch of Phala Network comes with Multi-Assets Mode, allowing users to use multiple assets like BTC as margin for trading.
- Phala Network entered strategic partnership with AI framework ai16z and its focus on privacy-first cloud computing for Web3 AI.
- Analysts predict Phala Network could hit its previous all-time high of $1.40 in the coming months.
In a recent development, crypto exchange Binance announced support for Phala Network (PHA) soon following its massive 260% rally over the past week. This announcement comes as the exchange plans for a strategic expansion of trading options for the PHA token.
On Monday, December 30, Binance made the announcement of launching USDT-margined perpetual contracts for Phala Network (PHA), offering up to 75x leverage for high-risk, high-reward trading opportunities. The crypto trading platform will also support these contracts in Multi-Assets Mode, allowing users to use multiple assets, such as BTC, as margin for trading.
The popularity of Phala Network is on the rise as the execution layer for Web3 AI. This allows artificial intelligence to interact with blockchain platforms while breaking down barriers for the first billion users joining Web3.
