According to a blog post published in the last few minutes, <a href="https://en.coin-turk.com/binance-offers-an-interesting-solution-to-its-customers-heres-why/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> will launch the USDⓈ-M ONG perpetual contract with up to 50x leverage. Following the announcement, there was a noticeable increase in the price.
<h2 id="binance-announces-listing">Binance Announces Listing</h2>
<blockquote>
 Dear Binance Users,
 Binance Futures will launch the USDⓈ-M ONG Perpetual Contract on 27/11/2023 at 13:00 (UTC) with up to 50x leverage.
 More details about the USDⓈ-M ONG Perpetual Contract can be found in the table below:
</blockquote>
<img decoding="async" class="aligncenter size-full wp-image-281445" src="https://coin-turk.com/wp-content/uploads/2023/11/50x-tablo.png" alt="" width="1483" height="569">
Please Note:
<ul>
 <li style="text-align: justify;">The maximum funding rate for the ONGUSDT Perpetual Contract at launch is +2.00% / -2.00%.</li>
 <li style="text-align: justify;">The frequency of funding fee payments is every four hours.</li>
</ul>
<img decoding="async" class="aligncenter size-full wp-image-281444" src="https://coin-turk.com/wp-content/uploads/2023/11/0-005-ong-binance.png" alt="" width="1486" height="340">
<ul>
 <li style="text-align: justify;">Qualified USDⓈ margin futures liquidity providers will benefit from 0.005% maker fee discounts for transactions in the ONGUSDT Perpetual Contract for approximately 14 to 15 days.</li>
 <li style="text-align: justify;">Binance may change features of the ONGUSDT Perpetual Contract, including the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements from time to time depending on <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> risk conditions.</li>
 <li style="text-align: justify;">Multi-Asset Mode allows users to trade the ONGUSDT Perpetual Contract over multiple collateral assets subject to applicable haircuts. For example, when Multi-Asset Mode is enabled, users can use <a href="https://en.coin-turk.com/current-market-overview-todays-featured-cryptocurrencies-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> as collateral while trading the ONGUSDT Perpetual Contract.</li>
 <li style="text-align: justify;">The ONGUSDT Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.</li>
 <li>If there is any inconsistency between the translated versions and the original English version, the English version will prevail.</li>
</ul>
<h2 id="current-ong-price-situation">Current ONG Price Situation</h2>
Recent events on Binance’s side have raised significant questions among cryptocurrency followers. Despite this, the company continues its active listing and delisting processes.
Meanwhile, the ONG price also experienced a rapid increase. The altcoin, which was at $0.3655 before the news, surged up to $0.45 after the announcement, marking an 18% rise. The direction in which the price will move in the coming minutes remains uncertain.
<img decoding="async" class="aligncenter size-full wp-image-281450" src="https://coin-turk.com/wp-content/uploads/2023/11/ong-fiyat-grafik.png" alt="" width="1835" height="901"> Continue Reading: <a href="https://en.coin-turk.com/binance-rolls-out-50x-leveraged-usd%e2%93%a2-m-ong-perpetual-contracts-amid-price-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/binance-rolls-out-50x-leveraged-usd%e2%93%a2-m-ong-perpetual-contracts-amid-price-surge/</a>

Binance Rolls Out 50x Leveraged USDⓈ-M ONG Perpetual Contracts Amid Price Surge

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