SynFutures Trading Volume Skyrockets After Upbit Announcement
UPBIT announced the launch of SynFutures (F) trading on October 21, 2023, at 16:00, supporting both KRW and USDT markets. Deposits were enabled shortly after the announcement.
This listing has triggered a significant surge in SynFutures trading volume, indicating heightened market interest and potential liquidity shifts within the decentralized derivatives exchange.
The crypto community responded positively to this announcement, which is reflected in the rapid ninefold increase in trading volume. Analysts perceive this listing as a pivotal move for decentralized derivatives, underscoring the platform's growing appeal.
The crypto community responded positively to this announcement, which is reflected in the rapid ninefold increase in trading volume. Analysts perceive this listing as a pivotal move for decentralized derivatives, underscoring the platform's growing appeal.
SynFutures Experiences Significant Price Jump Post-Listing
Did you know? The listing of tokens on significant platforms like Upbit often results in increased trading activity. For SynFutures, listing on Upbit marks a major milestone contributing to a surge in interest similar to earlier DeFi protocol launches.
SynFutures (F) is currently trading at $0.01, with a market cap of $32.52 million. It witnessed a 30.26% price increase in the past day. The trading volume skyrocketed to $271.83 million within 24 hours. Such activity highlights SynFutures' burgeoning role in the crypto derivatives market, according to CoinMarketCap data.
Market Analysis and Future Outlook
Experts from Coincu Research highlight the potential for regulatory interest due to the significant trading volumes and attention the exchange has garnered. Historical trends suggest that this could mark an increase in derivatives trading interest, bolstered by Upbit's reputation and technological capabilities. According to CoinMarketCap data.