Cryptocurrency exchange Binance announced in its statement that it has listed the Celestia (TIA) altcoin on its futures platform with a leverage ratio of up to 50x.
According to the statement made by the stock exchange, the futures contract will be launched at 21:00 Turkey time (UTC+3).
The coin of the layer 1 blockchain Celestia, which was distributed to users via airdrop today, was listed as a spot on many cryptocurrency exchanges. At the time of writing, the TIA price is trading at $2.23, which is close to the starting level.
According to unconfirmed data, the market value of the coin is at $163 million and there are 74 million TIA coins in circulation. The maximum circulating supply of the coin is limited to 1 billion. If all coins were in the market, TIA's total market cap would be $2.2 billion at the current price.
Binance had previously announced that TIA was listed as spot in various trading pairs, including Turkish Lira.
*This is not investment advice.