Binance Futures plans to list 1,000,000 MOG perpetual contracts with up to 75X leverage on its platform, which has caught the attention of investors and sparked optimism about a potential MOG price rally in the coming days. The positive announcement from the leading crypto exchange is expected to boost market sentiment and subsequently, crypto prices.
With the introduction of 1,000,000 MOGUSDT perpetual contracts, traders will have access to risk-adjusted trading possibilities. The contract will be settled in USDT with a tick size of 0.0001 and capped funding rates at +2.00% and -2.00%. This listing also supports Binance’s Multi-Assets Mode, allowing traders to use other cryptocurrencies like Bitcoin as collateral to trade MOG, providing greater control over collateral and margin requirements.
While the announcement has been positively received, MOG’s price has been down nearly 3% today, trading at $0.000002063 with a 173% increase in trading volume to $128.15 million. However, following the development, the MOG Coin Futures Open Interest rose 2.35% to $685K, indicating growing market attention towards the crypto.
Meme coin prices have often rallied following listing announcements, with COW and CETUS experiencing recent price increases after similar announcements. MOG’s debut on Binance’s Futures could represent a unique opportunity for upward momentum, but investors should exercise due diligence as top meme coins tend to be more volatile than traditional assets.
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