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Cryptocurrency News Articles
Binance Lists MOG Meme Coin Perpetual Contract With 75x Leverage
Nov 08, 2024 at 02:24 am
Binance Futures has announced the launch of the MOG meme coin perpetual contract, offering traders leverage of up to 75x.
Binance Futures Launches MOG Meme Coin Perpetual Contract with 75x Leverage Key TakeawaysBinance Futures has announced the launch of the MOG meme coin perpetual contract, offering traders leverage of up to 75x. The coin will be available for trading against USDT with the contract symbol 1000000MOG.Trading hours for the MOG perpetual contract are set for 24/7, with the contract being valued at 1000000 * MOG price * Multiplier. The tick size is 0.0001, and the funding rate is capped at ±2.00%.This new listing is significant as MOG, with a total supply of 390 trillion coins and currently priced at around $0.0000002195, has seen a 3% gain in the last 24 hours and a surging trading volume of over 280%.The high supply dilutes the price, making the new listing on Binance’s perpetual futures market crucial for traders to quantify movements more effectively. The contract will trade as 1000000MOG, facilitating clearer tracking of price changes.The announcement from Binance also highlights the support for Multi-Assets Mode, enabling traders to use various assets, including BTC, as collateral for trading MOG contracts.
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