Binance Reveals Major Support For Phala Network (PHA) & dForce (DF), Prices To Rally?

Highlights

Binance introduced perpetual contracts for Phala Network (PHA) and dForce (DF) with 75x leverage.
Phala Network (PHA) surged 310% last week, fueled by Binance and Bitget listings.
dForce (DF) gained 120% in a month, supported by Binance’s latest offerings.

Binance announced new perpetual contracts for Phala Network (PHA) and dForce (DF) with up to 75x leverage. This news sparked excitement in the market, amid a remarkable 310% weekly surge for PHA and a 120% monthly gain for DF. The added support from the exchange highlights the exchange’s strategic focus on expanding trading options, further driving trading activity and market attention toward these tokens.

Binance Revealed Perpetual Contracts for Phala Network and dForce

On December 30, Binance announced the launch of USDT-margined perpetual contracts for Phala Network (PHA) and dForce (DF) tokens. These contracts offer up to 75x leverage, providing traders with high-risk, high-reward opportunities.

The PHAUSDT perpetual contract was launched at 11:30 UTC, followed by the DFUSDT perpetual contract at 11:45 UTC. Both contracts will allow 24/7 trading and feature a capped funding rate of +2.00%/-2.00%. The leading crypto exchange also said that it will support these contracts in Multi-Assets Mode, enabling users to utilize multiple assets, like BTC, as a margin for trading.

According to the Binance, the funding fee for these contracts will settle every four hours. The platform highlighted that these future listings may not guarantee spot listings, ensuring users understand the differences in product offerings. The exchange may adjust trading specifications based on market conditions. This highlights its focus on risk management and enhancing user experience.

PHA and DF Prices Surge as New Exchange Listing Drives Momentum

Phala Network (PHA) price was trading at $0.522 and recorded an extraordinary 310% weekly surge, with its price ranging between $0.41 and $0.58 in the last 24 hours. The token’s market cap stands at $395 million, while trading volume hit $400 million despite a 27% drop. This growth was driven partly by its listing on Bitget, which caused a 50% price jump. Now, with the exchange’s support, the token’s user base is expected to expand further, amplifying its trading activity.

dForce (DF) price gained significant traction, with a 120% monthly increase and a 15% rise in the last 24 hours. The token’s price was trading at $0.099 and fluctuated between $0.076 and $0.1277, with a market cap of $91 million and $159 million in trading volume.

Meanwhile, Binance’s perpetual contract launch is likely to boost PHA and DF’s visibility and trading volume, driving the crypto’s growth in the competitive crypto market. With both tokens gaining backing from one of the top crypto exchanges, traders are anticipating a potential rally ahead for the assets.

TAGS
Binance

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.