Key takeaways
- Binance launches MOG futures with up to 75x leverage.
- The contract uses USDT for settlement and supports multi-asset mode.
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Binance Futures has announcement the launch of the MOG meme coin perpetual contract, offering traders leverage of up to 75x.
MOG, with a total supply of 390 trillion coins and currently priced at around $0.0000002195, has gained 3% in the last 24 hours, with trading volume up over 280%.
Given the high supply, the price is diluted, making the new listing on Binance’s perpetual futures market important for traders looking to quantify moves more effectively. The contract will be negotiated at 1,000,000 MOG, which will facilitate clearer tracking of price changes.
The contract will be denominated in USDT, with a tick size of 0.0001 and a capped funding rate of ±2.00%. Trading hours are set 24/7, ensuring continuous access to traders.
Typically, announcements from major exchanges such as Binance boost market sentiment, and many expect this listing to increase interest and trading activity around MOG.
The new perpetual contract listing supports Binance’s multi-asset mode, allowing traders to use various assets, including Bitcoin, as collateral for trading MOG contracts.
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