Users can now trade the MOODENG meme token on Binance in the form of the MOODENGUSDT Perpetual Contract with up to 75x leverage.
On Oct. 25 10:00 UTC, Binance Futures announced it has expanded its listing to include the Solana-based meme coin MOODENG(MOODENG) through the MOODENGUSDT Perpetual Contract.
According to the company notice, the Moo Deng-inspired meme coin remains as the underlying asset, while Tether becomes the settlement asset. Moreover, the capped funding rate set by the exchange at the time of the launch is 2.00%/-2.00%. Funding fees will be settled every four hours, providing traders with a consistent opportunity to manage their positions.
Meanwhile the tick size for the perpetual contract was set at 0.00001.
Not long after Binance Futures released the listing announcement, the MOODENG meme coin rose more than 100% based on data from crypto.news. The adorable pygmy hippo meme coin is…
