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Binance, the world’s largest cryptocurrency exchange, has taken a new step for dogwifhat (WIF), a Solana-based meme coin, announcing that it will launch Tether (USDT) margined futures starting on Thursday, January 18. Binance stated that these new futures will be conducted with a maximum leverage of 50x.
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According to a statement made on Binance’s official blog on January 18, the WIF/USDT contract will be activated.
The exchange stated that funding rates will initially vary between -2% and +2% and that funding fees will be updated every 4 hours. Additionally, it was emphasized that funding rates, maximum leverage, and minimum trade limit may change over time depending on market conditions.
Binance has recently started adding many altcoins to Futures but has not yet listed this Solana-based meme coin for spot trading. This step aims to offer users more variety by allowing them to trade in futures.
According to CoinGecko data, WIF rose from $0.322 to $0.462 with a daily increase of 43% following Binance’s announcement. At the time of writing, WIF is trading at $0.455.
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