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DEGEN is Listed on Binance Futures!

Yigit Taha OZTURK — Fri, 15 Nov 2024 11:14:30 +0000

Binance Futures has announced the launch of the DEGENUSDT perpetual contract, offering investors the opportunity to trade with up to 75x leverage. This new addition aims to enhance the trading experience by providing access to a broader range of financial instruments.

Key Details of the DEGENUSDT Perpetual Contract:

Launch Date: November 15, 2024
Underlying Asset: DEGEN
Margin Asset: USDT
Maximum Leverage: 75x
Funding Rate Limits: +2.00% / -2.00%
Funding Fee Settlement Frequency: Every four hours

DEGEN, a memecoin operating on Coinbase’s Base network, has gained significant traction recently. Over the last 24 hours, its price surged approximately 47.26%, reaching $0.027, with a market capitalization surpassing $1 billion.

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The listing of the DEGEN/USDT pair in leveraged trading has generated excitement among users. However, due to the high volatility associated with newly listed tokens in leveraged markets, users are advised to manage their risks carefully.

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Coinbase CEO Says No Token For The Base Network!

admin — Fri, 01 Dec 2023 19:32:29 +0000

Coinbase CEO, Brian Armstrong, announced that there are no plans to release any token for the layer-2 network Base. Despite the previous statements of the company’s Chief Legal Officer Paul Grewal, Armstrong stated, “This is not something we completely ignore,” but a Coinbase spokesperson confirmed there is no plan.

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Coinbase CEO Armstrong said he was pleased with the progress made since the Base’s August launch. In terms of total locked value (TVL), layer-2 has become the third largest in recent months. Armstrong stated, “There is about 500 million dollars in TVL, which is really good” and added “a million wallets have interacted with the chain”.

Armstrong said that developers are working on integrating with layer-2 and they are “very excited” about it. Layer 2 is a cryptocurrency network that performs transactions faster and at a lower cost.

Coinbase’s adoption of layer-2 can increase more users’ interest in this technology in the crypto world. Armstrong expressed his “satisfaction with developers adopting layer-2,” highlighting the advantages brought by this technology.

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