Binance has declared the introduction of perpetual futures contracts for the Solana-based memecoin $CHILLGUY. Traders will have access to a leverage of up to 75x. The contract is slated to commence trading on November 27, 2024, at 14:45 (UTC). This is a major step by Binance to address the surging demand for memecoins and associated trading prospects.
The $CHILLGUY memecoin, which is built on Solana, has been rising in popularity in the crypto space. It is renowned for its jovial branding and a prominent social media footprint. Binance’s decision to list $CHILLGUY indicates the growing institutional acknowledgment of memecoins as speculative assets with high risks and rewards.
The perpetual contract will be settled in USDT. The funding fees will be capped at +2.00% / -2.00% and will be settled every four hours. Traders can utilize Binance’s Multi-Assets Mode, enabling the use of multiple collateral assets for trading, thereby augmenting flexibility and portfolio diversification.
With the high-leverage option for $CHILLGUY, Binance is demonstrating its dedication to backing community-initiated tokens that draw both retail and professional traders. Once trading begins, the market will vigilantly track the price fluctuations of $CHILLGUY and its influence on the broader memecoin ecosystem.
Binance will also introduce the MORPHOUSDT perpetual contract, which is scheduled to go live at 14:30 (UTC) on November 27, 2024, just prior to the $CHILLGUY listing. $MORPHO is a utility-based token, further widening the trading opportunities for Binance users.
As $CHILLGUY and $MORPHO make their entry, market participants are closely observing to gauge their price behavior and liquidity performance on the Binance platform.
Related Topics:
Binance Futures Delists Perpetual Contracts for XEM, ORBS, and LOOM: Traders Brace for Impact
