The major cryptocurrency exchange Binance‘s futures arm Binance Futures announced a new listing. Accordingly, Binance Futures will launch its futures for Dogwifhat (WIF) to expand the trading options offered and to enhance the trading experience of its users.
Futures Trading for WIF Begins on Binance
Binance Futures, the futures arm of Binance, announced that it will launch futures for Dogwifhat’s WIF. According to the announcement from Binance Futures, futures trading for WIF paired with USDT will start today at 17:15 TRT with up to 50x leverage.
The maximum funding rate for the WIF/USDT perpetual futures during the launch will be +/- 2 percent. The frequency of funding fee payments will be every four hours, as with other perpetual futures contracts.
It should be noted that WIF has not yet been listed on Binance Spot, and will only be included in the list of assets listed on Binance Futures. Currently, WIF can be bought and sold on cryptocurrency exchanges such as Gate.io, HTX, and MEXC.
Dogwifhat Skyrockets Following Binance’s Announcement
As is known, Binance’s launch of futures for an altcoin usually triggers a speculative surge. This time was no exception, and following Binance’s announcement of futures trading for Dogwifhat, the altcoin’s price sharply increased.
According to CoinMarketCap data, the price of WIF has risen over 30 percent in the last 24 hours, reaching as high as $0.4814. Since then, WIF’s price has seen a slight pullback, trading at $0.451, up 33.81 percent at the time this article was written.
Furthermore, the data shows that WIF’s price reached an all-time high (ATH) and broke records following Binance’s announcement. Accordingly, about half a day ago, the altcoin’s price reached the ATH of $0.4814.
