DOGE Gets a Boost with Binance's 75x Leverage Contract

Binance Futures, the derivatives platform of Binance, announced the launch of a USDC-margined DOGE perpetual contract on January 18, 2024.

The DOGEUSDC contract will allow users to trade DOGE with up to 75x leverage, meaning they can amplify their profits or losses by 75 times.

The contract will be settled in USDC, a stablecoin pegged to the U.S. dollar, and will have a tick size of 0.00001, a capped funding rate of +0.3750%/-0.3750%, and a minimum initial margin of 1.33%.

The contract will also support the multi-assets mode, which enables users to trade with multiple margin assets, such as BTC, ETH, BNB, and BUSD, subject to applicable fees.

The contract is expected to boost the liquidity and popularity of DOGE, which is the most famous meme cryptocurrency and has a loyal fan base, including Tesla CEO Elon Musk.

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here. Read More Stories