The major cryptocurrency exchange Binance‘s futures arm Binance Futures announced that it will list a new perpetual futures contract to expand trading options. Accordingly, a futures contract for the high-hype BOOK OF MEME (BOME), not yet listed on Binance Spot, will be listed and open for trading today on Binance Futures.
Futures Trading Move for BOOK OF MEME
Binance Futures recently announced that the BOMEUSDT perpetual futures contract, offering up to 50x leverage for the high-hype BOME, will be listed for trading today at 15:30. The BOMEUSDT perpetual futures contract will have a maximum +/- 2.00% funding rate during the launch and funding fee payments will occur every four hours.
Qualified liquidity providers trading in the BOMEUSDT perpetual futures contract will have the opportunity to benefit from a 0.005% market maker transaction fee discount for approximately 14 to 15 days as part of the incentive program outlined by Binance Futures.
Binance also added that it reserves the right to make changes to the features of the BOMEUSDT perpetual futures contract as deemed necessary as part of its commitment to adapt to market conditions. These adjustments may include changes in funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements reflecting the changing nature of the cryptocurrency market.
The Memecoin Hype in the Market and BOME
The world of cryptocurrency has completely turned its direction towards various ecosystems, especially with the significant rises in memecoins within the Solana (SOL) ecosystem. One of these memecoins is BOME, which Binance has not yet listed on the spot but has announced it will start perpetual futures trading on Binance Futures.
With current data, BOME is trading at $0.01242, up 172.39% in the last 24 hours. Let’s note that the altcoin’s price has increased by an incredible 1,261% in the last 7 days, with a market value of $855.46 million.
