Another Listing from Binance Arrived Today, the Price of the Popular Meme Coin Increased!

Binance, the world's largest cryptocurrency exchange, has launched futures trading for the newly listed altcoin. 

In a statement on its official blog site on June 17, Binance announced that it will launch Tether (USDT) margin futures trading for the popular meme coin cat in a dogs world (MEW) with a maximum leverage of 50x.

According to the statement made by Binance, the MEWUSDT contract was opened for trading on June 17 at 17.00 (UTC).

Binance stated that funding rates may initially vary from a maximum of -2% to +2%, and funding fees will be updated every 4 hours. The post also emphasized that funding rates, maximum leverage and minimum transaction limit may change from time to time depending on market conditions.

According to CoinGecko data, MEW experienced an 11% increase from $0.00404 to $0.004495 with the sharing. MEW is trading at $0.00442 at the time of writing.