Binance announces that it will launch Pudgy Penguins (PENGU) perpetual contracts denominated in U on December 18, 2024, with a maximum leverage of 75 times. This news has garnered widespread attention from the market, and investors are full of expectations for PENGU's future performance. 📈

Perpetual contracts are a type of derivative instrument that do not have an expiration date, allowing traders to buy and sell without actually holding the asset. 75 times leverage means that investors can control larger market positions with less capital, but it also comes with higher risks. ⚠️

For the crypto market, this move could bring new trading opportunities while also reminding investors to remain cautious in high-leverage trading. 🔍