Binance launches MOG meme coin futures trading with 75x leverage
MOG trading volume surges 280% alongside a 3% price increase.
Key Takeaways
- Binance is launching MOG futures with up to 75x leverage.
- The contract uses USDT for settlement and supports Multi-Assets Mode.
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Binance Futures has announced the launch of the MOG meme coin perpetual contract, offering traders leverage of up to 75x.
MOG, with a total supply of 390 trillion coins and currently priced at approximately $0.0000002195, has gained 3% in the last 24 hours, with trading volume surging over 280%.
Given the high supply, the price is diluted, making the new listing on Binance’s perpetual futures market significant for traders seeking to quantify movements more effectively. The contract will trade as 1000000MOG, facilitating clearer tracking of price changes.
The contract will be denominated in USDT, with a tick size of 0.0001 and a capped funding rate of ±2.00%. The trading hours are set for 24/7, ensuring continuous access for traders.
Typically, announcements from leading exchanges like Binance boost market sentiment, and many expect this listing to increase interest and trading activity around MOG.
The new perpetual contract listing supports Binance’s Multi-Assets Mode, allowing traders to use various assets, including Bitcoin, as collateral for trading MOG contracts.
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