Memecoin

BOOK OF MEME

Impact

MEME

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-futures-introduces-trading-for-new-high-hype-memecoin" rel="noopener noreferrer nofollow">Binance Futures Introduces Trading for New High-Hype Memecoin</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/insights-from-industry-experts-crypto-market-set-for-a-dynamic-2024" rel="noopener noreferrer nofollow">Binance</a> Futures, the derivatives arm of the major <a href="https://en.bitcoinhaber.net/how-successful-crypto-investors-harness-conviction-and-patience" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange Binance, has expanded its array of trading products by introducing a perpetual futures contract for the not-yet-spot-listed memecoin, BOOK OF MEME (BOME). The new BOME-based contract begins trading today, promising to provide traders with additional investment opportunities.</p>
<h2 id="details-on-the-bome-futures-launch">Details on the BOME Futures Launch</h2>
<p style="text-align: justify">The exchange revealed that trading for the BOMEUSDT perpetual contract, which offers up to 50x leverage, starts at 15:30. To manage the market upon launch, the contract will feature a maximum funding rate of +/- 2.00%, with funding fee payments set to take place every four hours.</p>
<p style="text-align: justify">In an effort to boost liquidity, Binance Futures is incentivizing market makers with a reduced transaction fee of 0.005%. This discount is available for a limited period, spanning roughly two weeks, to participants providing liquidity in the BOMEUSDT market.</p>
<p style="text-align: justify">Binance, committed to maintaining a dynamic and responsive trading environment, has stated its readiness to adjust the BOMEUSDT perpetual futures contract’s parameters. This includes changes to funding fees, tick sizes, leverage limits, and margin requirements in response to the evolving cryptocurrency landscape.</p>
<h2 id="memecoin-fervor-and-bome-s-market-impact">Memecoin Fervor and BOME’s Market Impact</h2>
<p style="text-align: justify">Cryptocurrency markets have been captivated by memecoins, particularly those within the <a href="https://en.bitcoinhaber.net/solana-price-analysis-will-sol-coin-reach-new-highs-in-december" rel="noopener noreferrer nofollow">Solana</a> ecosystem. BOME stands out as one of these trending memecoins, with Binance Futures spearheading its futures trading even before Binance Spot has listed it.</p>
<p style="text-align: justify">The excitement surrounding BOME is reflected in its recent price surge, where it has soared by 172.39% in the past day and an astonishing 1,261% over the last week. At present, BOME boasts a market capitalization of $855.46 million, with a trading price of $0.01242.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-futures-introduces-trading-for-new-high-hype-memecoin" rel="noopener noreferrer nofollow">Binance Futures Introduces Trading for New High-Hype Memecoin</a></h5>

Binance Futures Introduces Trading for New High-Hype Memecoin

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