The world’s largest cryptocurrency exchange Binance is launching perpetual futures for a new altcoin.
In an announcement on its official blog dated March 16, Binance revealed that it will start offering USDT-margined futures with a maximum leverage of up to 50x for BOOK OF MEME (BOME), a meme coin that recently entered the market and attracted attention with a significant surge.
According to Binance, the BOMEUSDT contract will start trading on March 16 at 3:30 PM.
The exchange also stated that funding rates could initially fluctuate between -2% and +2% and will be updated every 4 hours. Additionally, Binance emphasized that funding rates, maximum leverage, and minimum trade limits may change depending on market conditions.
According to CoinGecko, BOME saw a 23.073% surge in two days, and it gained a small increase with Binance’s announcement. As of the time of writing, BOME is trading at $0.1325, grabbing attention as a meme coin known for enriching many investors since its launch on March 14.
You can sign up here to trade on Binance with a 20% discount.
