Binance announces the listing of BOOK OF MEME (BOME) on its spot trading platform and the launch of BOME perpetual contracts with up to 50x leverage.
Binance, the world’s leading cryptocurrency exchange, has just announced the introduction of BOOK OF MEME (BOME) to its extensive list of tradable digital assets. The exchange will also launch USDⓈ-M BOME perpetual contracts offering leverage of up to 50x, further diversifying the options available to traders on its platform.
From March 16, 2024, traders can engage with BOME on Binance’s spot trading market. Pairs available for trading include BOME/BTC, BOME/USDT, BOME/FDUSD and BOME/TRY, with deposits now open in preparation for trading activity. BOME draws are scheduled to begin on March 17, 2024 at 12:30 (UTC).
It should be noted that Binance introduced the BOME listing without charging a listing fee, and the token runs on the Solana blockchain network. However, Binance cautions traders that BOME is a relatively new and experimental memecoin that may be prone to high price volatility, and recommends thorough research and risk management before trading.
In addition to listing on the spot market, Binance Futures will expand its offerings with the launch of the USDⓈ-M BOME perpetual contract. Scheduled to go live on March 16, 2024, at 12:30 (UTC), this new contract will feature a tick size of 0.000001, a capped funding rate of ±2.00%, and a fee settlement frequency for funding every four hours. The maximum leverage available to traders will be 50x and the contract will support a multi-asset mode allowing for margin assets such as BTC.
The exchange emphasizes that the maximum funding rate and fee settlement frequency are subject to change based on market conditions, and Binance reserves the right to adjust contract specifications to adequately manage risk.
Binance has established itself as a major player in the cryptocurrency market, constantly offering new products and services to meet the ever-evolving demands of traders. The listing of BOME and the introduction of its permanent contracts underscores Binance’s commitment to providing a diverse range of trading options for its users.
With these latest additions, Binance solidifies its position at the forefront of the cryptocurrency industry, championing innovation and accessibility. Traders interested in BOME and its standing contracts are encouraged to review the Binance Terms of Service and the Binance Futures Service Agreement and conduct their own due diligence, recognizing the inherent risks associated with trading digital assets .
As the crypto landscape continues to grow and diversify, Binance’s adaptability and service expansion are set to attract both seasoned and new traders looking for diverse investment opportunities in the market.
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