On November 27, the Binance exchange officially announced the listing of two new Futures trading pairs: MORPHO / USDT and CHILLGUY / USDT on Binance Futures. Here are the highlights of this event:
1. Announcement of Futures Trading Pair Listing
MORPHO / USDT Perpetual Contract will be listed on Binance Futures at 21:30 on November 27, 2024 (Vietnam time).
CHILLGUY / USDT Perpetual Contract will be listed at 21:45 on November 27, 2024 (Vietnam time).
Both of these Futures trading pairs will be supported with a maximum leverage of 75x, allowing users to trade with high leverage and 24/7 trading time. The funding rates will be adjusted at +2.00% / -2.00% based on a 4-hour cycle.
2. MORPHO Token Price Surges
After the announcement of the listing on Binance Futures, the price of the MORPHO token increased by 37% in the past 24 hours, reaching a price of $1.28.
MORPHO is a Lending project operating on platforms like Base and Ethereum. According to data from CoinGecko, the market capitalization of MORPHO currently stands at approximately $155 million.
See more: Binance announces the delisting of these 5 coins on December 10, 2024!
Price chart of the MORPHO (Morpho) token on November 27, 2024 - source: CoinGecko
3. Listing of Meme Coin CHILLGUY
Binance has also listed CHILLGUY - a meme coin based on the image of a brown dog wearing a gray knit outfit and a relaxed demeanor.
CHILLGUY has a market capitalization of approximately $632 million, ranking 159th in the entire crypto market. The trading volume in the past 24 hours for CHILLGUY has exceeded $283 million.
Price chart of the CHILLGUY (Just a chill guy) token on November 27, 2024 - source: CoinGecko
4. Impact on Token Price
After the announcement of the listing on Binance Futures, both MORPHO and CHILLGUY have entered the top coins with the strongest price increases on centralized exchanges (CEX).
This proves that announcements from the Binance exchange have a significant impact on the value of tokens, especially when they are listed on a major trading platform like Binance Futures.
5. Warning
One thing to note is that tokens listed on Binance Futures do not mean they will be listed on Binance Spot. This means that although MORPHO and CHILLGUY are available on Binance Futures, they are not guaranteed to be listed on Binance's Spot market.
Conclusion
The listing of MORPHO and CHILLGUY on Binance Futures has generated significant attention in the crypto community. While MORPHO is a token related to the lending sector, CHILLGUY is a popular meme coin, demonstrating the diversity in trading options on Binance. Investors should be aware of the strong price volatility of these tokens and manage risk carefully when participating in trading.
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