Yigit Taha OZTURK 
Binance Futures announced the launch of the PONKEUSDT perpetual contract, offering investors up to 75x leverage. This new addition aims to enhance the trading experience by providing access to a wider range of financial instruments.
Key Details of the PONKEUSDT Perpetual Contract:
- Launch Date: October 31, 2024
- Underlying Asset: Ponke (PONKE)
- Settlement Asset: USDT
- Maximum Leverage: 75x
- Funding Rate Limits: +2.00% / -2.00%
- Funding Fee Settlement Frequency: Every four hours
Ponke Coin is typically categorized as a meme coin, a type of cryptocurrency often created for entertainment purposes and spread through social media. These coins have gained attention due to popular units like Dogecoin, which have built large communities. Similarly, Ponke Coin may be designed to target a specific community, allowing users to come together and interact with one another.
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Although the PONKE/USDT pair listing for leveraged trading has generated excitement among users, it’s important for users to manage their own risk, as new listings in leveraged trading can be highly volatile.
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