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Binance Futures will list MEME with up to 50x leverage to investors. This development is planned to go live on November 3, 2023 at 15:00 (UTC 10:00).
Binance Futures Launches 50x Leveraged USDⓈ-M MEME Contract
At the time of contract launch, the maximum funding rate for the MEMEUSDT Perpetual Contract will be capped at +2.00% / -2.00%.
Funding fee payment will occur in four-hour intervals and will allow for regular adjustments based on market conditions.
Binance reserves the privilege to change certain contract details as determined by market risk factors, including funding fee, tick size, maximum leverage, initial margin and maintenance margin requirements.
A notable feature is the Multi-Asset Mode, which empowers users to trade MEMEUSDT Perpetual Contract on a variety of collateral assets, subject to certain margin requirements.
For example, when enabled, users can use BTC as margin currency when trading MEMEUSDT Perpetual Contract.
It is important to note that the MEMEUSDT Perpetual Agreement will be subject to the terms set forth in the Binance Terms of Use and the Binance Futures Services Agreement.
*This is not investment advice.