Mode

DOGS

Binance Futures has announced the launch of a new DOGSUSD COIN-M Perpetual Contract on September 10, 2024, at 10:00 UTC.&nbsp;This contract will allow traders to leverage up to 20x on DOGS tokens, with settlement in DOGS itself, a notable aspect for those speculating on its value. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="587" height="517" src="https://www.cryptotimes.io/wp-content/uploads/2024/09/image-16.png" alt="Binance adds Dogs on futres" class="wp-image-199934">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/BinanceFutures/status/1831615472695157186" target="_blank" data-type="link" data-id="https://x.com/BinanceFutures/status/1831615472695157186" rel="noreferrer noopener nofollow">Twiter</a>
 </figcaption>
 </figure>
</div> 
As per the <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-dogsusd-coin-m-perpetual-contract-with-up-to-20x-leverage-13f1544b6ee84b0baa9a6d94fba1d024?hl=en" target="_blank" rel="noreferrer noopener nofollow">announcement</a>, key details include a tick size of 0.0000001 and capped funding rates designed to control volatility by clamping between -0.75 and 0.75 times the maintenance margin ratio. Funding fees will be settled every eight hours.&nbsp; 
As this contract is settled in DOGS, it aligns with Binance’s continued support of innovative token offerings in the crypto derivatives space. However, the Multi-Assets Mode is not supported for this particular contract, limiting cross-margining with other assets. 
Binance also emphasizes that this new futures contract will follow the platform’s standard terms and agreements. The DOGS token has gained attention recently, and the new contract may attract traders looking to capitalize on its price movements through futures trading. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/09/05/binance-adds-grant-thornton-as-new-accounting-advisor/" target="_blank" rel="noreferrer noopener">Binance Adds Grant Thornton as New Accounting Advisor</a> 
</blockquote>

Binance Launches DOGS Perpetual Contract with 20x Leverage

The Crypto Times

Other articles published on Sep 5, 2024

The Big Day is Here – Critical Data to be Released in the US Today! Here are the Expectations

TON Price Prediction: Why Did Toncoin Plummet 18% This Week and What’s Next?

How To Cashout CS2 Skins With Cryptocurrencies

US Data Impacts Bitcoin’s Volatility

Polygon Upgrades $MATIC Token to $POL: What It Means for the Network and Holders

Short Sellers Target XLM, 1INCH, TRX, But Risk Liquidations

Join our free newsletter for daily crypto updates!