•Binance Futures is scheduled to... It is Binance's derivatives trading platform. expands its offering by launching a perpetual DOGE contract with USDC margin on January 18, 2024. 10:00 AM UTC. This new trading option will provide users with the opportunity to execute Dogecoin (DOGE) trades with leverage of up to 75x.
•About Binance Futures' DOGEUSDC Perpetual Contract The USD-M DOGE perpetual contract will be settled in USDC and has a tick size of 0.00001. While with a maximum financing limit of +0.3750%/-0.3750%. Finance charges will be settled every eight hours, according to the latest announcement. Trading on the DOGEUSDC perpetual contract will be available 24/7 to meet the global nature of the cryptocurrency market.
•Furthermore, one of the notable features is the multi-asset mode. It will enable users to trade the DOGEUSDC perpetual contract across multiple margin assets. This feature allows traders to use different assets. Such as Bitcoin (BTC) as margin when participating in transactions, subject to applicable fees.
•Furthermore, it should be noted that to stimulate adoption. Binance Futures is offering a 10% promotional discount on trading fees on all trades related to profit margin USDC futures. The discount will be available until April 3, 2024 at 12:30 AM UTC.
•The move expands trading options on Binance Futures and makes the DOGEUSDC perpetual contract discount more attractive. While Dogecoin traders are eagerly anticipating the launch of the DOGE perpetual contract of interest to USDC to seize potential trading opportunities.
•However, users should remain vigilant, as Binance reserves the right to modify contract specifications based on market risk conditions. This can affect various factors such as financing fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.
•Dogecoin price will drop below $0.080? Dogecoin, the most popular cryptocurrency, recorded significant declines this week. DOGE is currently trading near the $0.080 mark and the cryptocurrency price may fall below it. Taking into account the recent bearish shift. At press time, DOGE price was down 0.46% to $0.08058 on Wednesday, January 17.
•The market value of the meme coin reached $11.49 billion, down 0.46%. And on the contrary. Trading volume increased by 19.86% to $324.95 million. Earlier, cryptocurrencies saw a surge last week after Elon Musk reaffirmed his support for DOGE by revealing that he still owns a significant stake in cryptocurrencies.
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