Binance Lists New Futures for Star of the Day Meme Coin!

Binance, the world's largest cryptocurrency exchange, will make a new listing in futures for an altcoin.

Binance announced today on its official blog site that it will launch coin margin futures trading for Dogwifhat (WIF) with up to a maximum leverage of 50x. Coin margin futures transaction refers to the ability of the investor to buy futures transactions with the cryptocurrency he/she holds.

According to the statement made by Binance, the WIFUSD contract will be opened for trading on July 23 at 15.00 CET.

Binance stated that funding rates may initially change between a maximum of -0.75% and +0.75% every 8 hours, but funding rates, maximum leverage and minimum transaction limit may change from time to time depending on market conditions.

According to CoinGecko data, WIF is selling at $2.21 at the time of writing, with a 22.2% increase in the last 24 hours. While Bitcoin showed signs of recovery, WIF became one of the most rising altcoins of the day.

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