bome - Pwim.Net

Binance Futures to Introduce USDC-Margined BOME, TIA, and MATIC Perpetual Contracts with Up to 75x Leverage

In an announcement made on the Binance Support Center, Binance Futures revealed that the BOMEUSDC Perpetual Contract will be launched on April 25, 2024, at 07:00 (UTC) with up to 50x leverage. Additionally, the TIAUSDC Perpetual Contract will be introduced at 07:15 (UTC) with the same leverage, followed by the MATICUSDC Perpetual Contract at 07:30 (UTC) with up to 75x leverage.

The underlying assets for these contracts are the BOOK OF MEME (BOME), Celestia (TIA), and Polygon (MATIC) cryptocurrencies, with settlement in USDC. The tick size for BOMEUSDC is 0.000001, for TIAUSDC it is 0.0001, and for MATICUSDC it is 0.0001.

Funding rates for these perpetual contracts will be capped at +2.0000% / -2.0000% for BOMEUSDC and TIAUSDC, and +0.4500% / -0.4500% for MATICUSDC. Funding fee settlements will occur every four hours for BOMEUSDC and TIAUSDC, and every eight hours for MATICUSDC.

Traders can enjoy trading these perpetual contracts 24/7, and the Multi-Assets Mode is supported, allowing users to trade across multiple margin assets, subject to applicable haircuts. Binance has also announced that starting from April 3, 2024, users will benefit from zero maker fees and a 0.017% taker fee for all trades on USDC-margined futures contracts.

It’s important to note that Binance may adjust the specifications of these futures contracts, including funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements, based on market risk conditions. Traders are advised to refer to the Binance Terms of Use and the Binance Futures Service Agreement for more information on the perpetual contracts.

With this new offering, Binance continues to expand its range of trading options, providing users with increased flexibility and opportunities to trade various cryptocurrencies with leverage. Traders can access the Binance Futures platform via the Binance website or the Binance mobile app.

Image source: Shutterstock

Binance Expands Trading Options with Listing of BOOK OF MEME and Launch of BOME Perpetual Contracts

Binance, the world’s leading cryptocurrency exchange, has just announced the introduction of BOOK OF MEME (BOME) to its extensive list of tradable digital assets. The exchange will also be launching USDⓈ-M BOME Perpetual Contracts, offering leverage of up to 50x, further diversifying the options available to traders on its platform.

As of March 16, 2024, traders can engage with BOME on Binance’s spot trading market. The pairs available for trading include BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY, with deposits already open in preparation for trading activity. Withdrawals for BOME are scheduled to commence on March 17, 2024, at 12:30 (UTC).

Notably, Binance has introduced the BOME listing without charging a listing fee, and the token operates on the Solana blockchain network. However, Binance cautions traders that BOME is a relatively new and experimental memecoin that could be prone to high price volatility and recommends thorough research and risk management before trading.

In addition to the spot market listing, Binance Futures will expand its offerings with the launch of the USDⓈ-M BOME Perpetual Contract. Scheduled to go live on March 16, 2024, at 12:30 (UTC), this new contract 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 maximum leverage available for traders will be 50x, and the contract will support Multi-Assets Mode, allowing for margin assets such as BTC.

The exchange emphasizes that the maximum funding rate and fee settlement frequency are subject to change based on market conditions, and Binance reserves the right to adjust contract specifications to manage risk adequately.

Binance has established itself as a major player in the cryptocurrency market, continuously offering new products and services to meet the ever-evolving demands of traders. The listing of BOME and the introduction of its perpetual contracts underscore Binance’s commitment to providing a diverse range of trading options for its users.

With these latest additions, Binance reinforces its position at the forefront of the cryptocurrency industry, championing innovation and accessibility. 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, acknowledging the inherent risks associated with digital asset trading.

As the crypto landscape continues to grow and diversify, Binance’s adaptability and expansion of services are set to attract both seasoned and new traders looking for varied investment opportunities in the market.

Binance Introduces New BOME/USDC, JTO/USDC, and WIF/USDC Trading Pairs and Trading Bots Services

Binance, one of the most popular digital asset platforms, has revealed its plans to introduce new trading pairs and introduce Spot Algo Orders Trading Bots services on its Binance Spot platform. This strategic move is part of the exchange’s ongoing efforts to provide users with a wider range of trading options and improve their overall trading experience.

Starting from April 5, 2024, Binance users will be able to trade the BOME/USDC, JTO/USDC, and WIF/USDC trading pairs on the Binance Spot platform. The addition of these trading pairs aims to offer users more opportunities to diversify their portfolios and explore new investment options.

In addition to the new trading pairs, Binance is also launching Spot Algo Orders Trading Bots services. This feature enables users to automate their trading strategies and execute trades based on predefined algorithms. By leveraging these automated strategies, traders can potentially enhance their trading efficiency and optimize their investment outcomes.

However, it is important to note that eligibility to trade these new trading pairs is subject to the user’s country or region of residence. Binance has outlined a list of restricted countries, which currently includes Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories, and any non-government controlled areas of Ukraine. Users residing in these regions will not be able to participate in trading the aforementioned spot trading pairs.

To participate in trading the new trading pairs, users are required to complete the account verification process. This verification process ensures compliance with regulatory requirements and enhances the security of users’ accounts.

Binance emphasizes that the list of restricted countries may be updated periodically to reflect changes in legal, regulatory, or other factors. Users are advised to refer to the official announcement for the most accurate and up-to-date information regarding trading eligibility.

As always, Binance reminds users that digital asset prices are subject to high market risk and volatility. The value of investments can fluctuate, and users should carefully consider their investment experience, financial situation, and risk tolerance before making any investment decisions.

In conclusion, Binance’s introduction of new trading pairs and Spot Algo Orders Trading Bots services on the Binance Spot platform demonstrates the exchange’s commitment to providing a diverse and innovative trading environment for its users. By expanding trading options and offering automated trading strategies, Binance aims to enhance users’ trading experience and cater to their evolving needs in the cryptocurrency market.