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Dog-themed cryptocurrency Dogecoin (DOGE) has secured an exciting new listing on the world's largest crypto exchange by trading volume, Binance.
According to an official announcement, Binance will launch a USDC-margined DOGE perpetual contract on Jan. 18, 2024, at 10:00 a.m. (UTC), which will allow users to trade with up to 75x leverage.
Binance Futures will launch the USDC-margined DOGE Perpetual Contract at 2024-01-18 10:00 (UTC), with up to 75x leverage. Currently, Binance has launched USDTUSDC, BTCUSDC, ETHUSDC, BNBUSDC, SOLUSDC and XRPUSDC contracts. https://t.co/IW36XZXTnI
— Wu Blockchain (@WuBlockchain) January 17, 2024
On Jan. 4, Binance officially kicked off the trading of USDC-margined perpetual contracts on its platform with the intent of enhancing users’ trading experience and expanding the list of trading options available on Binance Futures beyond USDT-margined contracts.
The USDC-margined perpetual contract offering began with an initial listing of five cryptocurrencies: Bitcoin, Ethereum, BNB, SOL and XRP. To celebrate the debut of the USDC-margined futures contracts on the platform, Binance announced a promotion wherein users can enjoy a 10% promotional trading fee discount for all related trades until April 3, 12:30 p.m. (UTC).
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The addition of DOGE to Binance's USDC-margined futures offering is a reflection of the increasing popularity and acceptance of the coin, which was launched in 2013 as a joke and a parody of Bitcoin.
The USDC-margined DOGE perpetual contract, which has Dogecoin as its underlying asset and USDC as its settlement asset, can be traded in Multi-Asset Mode across multiple margin assets. For example, when Multi-Asset Mode is enabled, users can use BTC as a margin when trading the DOGEUSDC Perpetual Contract.
DOGE is currently the 10th largest cryptocurrency by market capitalization, with a value of over $11.49 billion, and it trades at $0.08 per coin.