The leading crypto trading platform Binance, recently announced that it will list the surging Solana-based meme coin BOOK OF MEME (BOME). Binance announced this step via its official website earlier today. Additionally, he stated that the BOME token will be traded on the Binance Futures Market.
In particular, Binance, BOME will launch a USD margin perpetual contract for its token with up to 50x leverage by 12:30 (UTC). It was emphasized that this move aims to expand the trading options offered on Binance Futures and improve the trading experience of users.
This decision coincided with a period during BOME’s latest rocket launch, when its price increased by over 170.95% in the last 24 hours. Over a one-week period, BOME’s price increased by 1,198.68% to $0.01183.
Specifically, Binance’s BOMEUSDT contract will be settled with USDT and will have a tick size of 0.000001 and a capped funding rate of +2.00% / -2.00%. Funding fee payments will occur every four hours. It is also noteworthy that it supports multi-asset mode so that trading can be done 24/7 and investors can use up to 50x leverage.
The exchange also announced that it will offer an opportunity for eligible USD margin futures liquidity providers to receive a 0.005% maker fee refund for trades on the BOMEUSDT Perpetual Contract. It was stated that this opportunity will be valid for approximately 14 to 15 days.
At the same time, Binance stated that it may adjust the features of the BOMEUSDT Perpetual Contract according to market risk conditions. These adjustments may include funding fee, tick size, maximum leverage, initial margin and/or maintenance margin requirements.
Notably, Binance users can trade the BOMEUSDT Perpetual Contract across multiple collateral assets with valid haircuts. For example, when Multi-Asset Mode is active, users can use BTC as margin when trading on the BOMEUSDT Perpetual Contract.
You can access current market movements here.
