Binance Lists BOOK OF MEME (BOME) and Launches Perpetual Contracts
Binance, the world’s leading cryptocurrency exchange, has announced the listing of BOOK OF MEME (BOME) on its spot trading platform and the launch of BOME perpetual contracts with up to 50x leverage.
BOME Listing Details
As of March 16, 2024, traders can trade BOME on Binance’s spot trading market. The trading pairs available include BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY. Deposits are already open, and withdrawals for BOME are scheduled to begin on March 17, 2024, at 12:30 (UTC). It is important to note that Binance has listed BOME without charging a listing fee, and the token operates on the Solana blockchain network.
Perpetual Contracts Launch
In addition to the spot market listing, Binance Futures will be launching USDⓈ-M BOME Perpetual Contracts on March 16, 2024. The new contract will offer leverage of up to 50x and will feature a tick size of 0.000001, a capped funding rate of ±2.00%, and a funding fee settlement frequency every four hours. The contract will support Multi-Assets Mode, allowing for margin assets such as BTC.
Risk Warning
Binance cautions traders that BOME is a new and experimental memecoin that may exhibit high price volatility. Traders are advised to conduct thorough research and implement risk management strategies before engaging in trading activities.
Conclusion
Binance’s listing of BOME and the launch of its perpetual contracts demonstrate the exchange’s commitment to providing a diverse range of trading options for its users. As a major player in the cryptocurrency market, Binance continues to innovate and expand its services to meet the evolving needs of traders.
Traders interested in BOME and its perpetual contracts are encouraged to review the Binance Terms of Use and the Binance Futures Service Agreement, as well as to conduct their own due diligence before trading digital assets.
With Binance’s adaptability and expansion of services, the exchange remains at the forefront of the cryptocurrency industry, offering varied investment opportunities for both seasoned and new traders.
