- Binance is welcoming the Solana-based meme coin BOOK OF MEME (BOME).
- The trade launched a USD margin perpetual contract with as much as 50x leverage for BOME.
- Binance’s choice comes amid BOME hovering by over 1,198.68% in seven days.
Probably the most distinguished crypto buying and selling platform, Binance, has introduced plans to listing the fast-growing Solana-based meme coin BOOK OF MEME (BOME) amid latest explosive rallies. Binance communicated this transfer by way of its official web site early immediately, noting the BOME token will probably be welcomed within the Binance Futures Market.
Specifically, Binance will launch a USD margin perpetual contract for the BOME token immediately by 12:30 (UTC), with as much as 50x leverage. The announcement famous that the transfer to welcome BOME was “to broaden the listing of buying and selling decisions supplied on Binance Futures and improve customers’ buying and selling expertise.”
In the meantime, Binance’s choice comes amid BOME’s latest rocket launch, which noticed its value rise by over 170.95% within the final 24 hours. On a seven-day scale, BOME has surged by a staggering 1,198.68%, placing its value at $0.01183.
Notably, the Binance BOMEUSDT contract will settle with USDT, that includes a tick dimension of 0.000001 and a capped funding fee of +2.00% / -2.00%. Funding charge settlements will happen each 4 hours. Moreover, with buying and selling accessible 24/7, merchants can leverage as much as 50x, supporting multi-assets mode.
Moreover, Binance introduced that eligible USD-margined futures liquidity suppliers can obtain 0.005% maker charge rebates for trades on the BOMEUSDT Perpetual Contract for about 14 to fifteen days.
In the meantime, Binance acknowledged it may modify the specs of the BOMEUSDT Perpetual Contract based mostly on market danger situations. This is applicable to the funding charge, tick dimension, most leverage, preliminary margin, and/or upkeep margin necessities.
Notably, Binance customers can commerce the BOMEUSDT Perpetual Contract throughout a number of margin property with relevant haircuts. As an illustration, when the Multi-Property Mode is lively, customers can make the most of BTC as a margin when buying and selling the BOMEUSDT Perpetual Contract.
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