Binance Futures Adds MOG Coin (MOG) Perpetual Contract With Up to 75X Leverage

Binance Futures just added a MOG Coin (MOG) perpetual contract with up to 75X leverage. A 1000000MOGUSDT perpetual contract is now available for trading.

Binance Futures has listed a MOG Coin (MOG) perpetual contract with up to 75X leverage, and a 1000000MOGUSDT perpetual contract is now available for trading. Binance aims to attract experienced traders to trade MOG, especially those who are bullish on MOG's future.

Such an announcement from a top exchange like Binance usually boosts market sentiment and increases interest and trading activity. Many expect the listing to pump MOG in the next few days.

75X Leverage Means High Risk, High Reward

The new MOG listing allows traders to trade with up to 75X leverage. This high leverage can lead to both high gains and high losses, making it suitable for experienced traders who aim for big returns and can handle substantial risks. Binance is offering this leverage to entice active traders.

MOG Futures Contract Details:

The listing also supports Binance's Multi-Assets Mode, enabling traders to use other assets like Bitcoin as collateral to trade MOG contracts. This feature provides greater flexibility and control over collateral requirements, catering to traders with multiple assets.

Will Binance's MOG Listing Pump MOG?

Despite the positive listing news, MOG Coin was trading down 3% at $0.000002063 at the time of writing. However, MOG's trading volume surged 173% to $128.15 million. CoinGlass also reported a 2.35% increase in MOG Coin Futures Open Interest to $685K.

Usually, listing news from top exchanges tends to pump the price of the newly listed assets in the short term. Recent listings of COW and CETUS demonstrated the significant impact that exchange announcements can have on market sentiment.

Traders Notes:

Binance listing can pump MOG but be cautious. Especially with meme coins, high leverage is high risk. Always perform your due diligence and manage your risk.