- Binance welcomes Solana-based meme coin BOOK OF MEME (BOME).
- The trade launched a perpetual USD margin contract with as much as 50x leverage for BOME.
- Binance’s resolution comes amid BOME’s rise of greater than 1,198.68% in seven days.
Probably the most distinguished cryptocurrency buying and selling platform, Binance, has introduced plans to launch a fast-growing Solana-based meme coin BOOK OF MEME (BOME) amid current explosive rallies. Binance introduced the transfer early right this moment by way of its official web site, saying that the BOME token will likely be welcomed to the Binance Futures Market.
Particularly, Binance will launch a perpetual USD margin contract for the BOME token with as much as 50x leverage by 12:30 UTC right this moment. The announcement famous that the transfer to welcome BOME was to “develop the listing of buying and selling choices provided on Binance Futures and enhance customers’ buying and selling expertise.”
In the meantime, Binance’s resolution comes amid the current launch of the BOME rocket, which has seen a value improve of over 170.95% up to now 24 hours. On the 7-day scale, BOME rose by an astounding 1,198.68%, bringing its value to $0.01183.
Particularly, the Binance BOMEUSDT contract will cope with USDT, have a tick measurement of 0.000001 and a most funding fee of +2.00% / -2.00%. Funding prices will likely be charged each 4 hours. Moreover, with buying and selling obtainable 24/7, merchants can leverage as much as 50x and help multi-asset mode.
Binance additional introduced that eligible USD margin liquidity futures suppliers can obtain a 0.005% maker charge low cost for trades on the BOMEUSDT Perpetual Contract for about 14 to fifteen days.
In the meantime, Binance mentioned it could modify the specs of the BOMEUSDT Perpetual Contract primarily based on market danger situations. This is applicable to the funding charge, tick measurement, most leverage, preliminary margin and/or upkeep margin necessities.
Binance customers can commerce the BOMEUSDT perpetual contract throughout a number of margin belongings with relevant haircuts. For instance, when the Multi-Property mode is energetic, customers can use BTC as margin when buying and selling the BOMEUSDT Perpetual Contract.
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