Yigit Taha OZTURK 
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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