- Binance is welcoming the Solana-based meme coin BOOK OF MEME (BOME).
- The exchange launched a USD margin perpetual contract with up to 50x leverage for BOME.
- Binance’s decision comes amid BOME soaring by over 1,198.68% in seven days.
The most prominent crypto trading platform, Binance, has announced plans to list the fast-growing Solana-based meme coin BOOK OF MEME (BOME) amid recent explosive rallies. Binance communicated this move via its official website early today, noting the BOME token will be welcomed in the Binance Futures Market.
In particular, Binance will launch a USD margin perpetual contract for the BOME token today by 12:30 (UTC), with up to 50x leverage. The announcement noted that the move to welcome BOME was “to expand the list of trading choices offered on Binance Futures and enhance users’ trading experience.”
Meanwhile, Binance’s decision comes amid BOME’s recent rocket launch, which saw its price rise by over 170.95% in the last 24 hours. On a seven-day scale, BOME has surged by a staggering 1,198.68%, putting its price at $0.01183.
Notably, the Binance BOMEUSDT contract will settle with USDT, featuring a tick size of 0.000001 and a capped funding rate of +2.00% / -2.00%. Funding fee settlements will occur every four hours. Additionally, with trading available 24/7, traders can leverage up to 50x, supporting multi-assets mode.
Furthermore, Binance announced that eligible USD-margined futures liquidity providers can receive 0.005% maker fee rebates for trades on the BOMEUSDT Perpetual Contract for approximately 14 to 15 days.
Meanwhile, Binance stated it could adjust the specifications of the BOMEUSDT Perpetual Contract based on market risk conditions. This applies to the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Notably, Binance users can trade the BOMEUSDT Perpetual Contract across multiple margin assets with applicable haircuts. For instance, when the Multi-Assets Mode is active, users can utilize BTC as a margin when trading the BOMEUSDT Perpetual Contract.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
 amid recent explosive rallies.){kind=link}