Binance Launches DOGE Perpetual Contract with 75x Leverage Boost

• Binance boosts strategy with USDC-margined DOGE perpetual contract at 75x leverage, activating Multi-Assets Mode for varied crypto margins.
• Traders rejoice as Binance unveils a time-limited 10% discount on fees for USDC-margined futures until April 3, 2024, accompanied by a market risk warning.
• Binance unveils its 2024 playbook, expanding services with DOGE and reshuffling cryptocurrencies like Monero, Zcash, and others.

In a strategic move to enhance its Binance Futures offerings, the leading cryptocurrency exchange, Binance, is set to introduce a USDC-margined DOGE perpetual contract with up to 75x leverage. In a recent blog post, Binance announced that starting January 18, this addition will activate the Multi-Assets Mode. The new perpetual contract would allow traders to utilize various cryptocurrencies, including Bitcoin (BTC), as margins.

Binance offers a limited-time 10% promotional fee discount on all trades conducted on USDC-margined futures contracts until April 3, 2024. However, the firm warned that it may adjust contract specifications based on market risk conditions, covering funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.

This move is part of Binance's broader strategy in 2024, as the exchange recently reassigned Monero (XMR), Zcash (ZEC), and other cryptocurrencies to its Monitoring Tag list for regular reviews. Furthermore, cross-margin and isolated margin pairs and adjustments to spot trading pairs have been implemented, showcasing the platform's commitment to adaptability and innovation.

Read full article at CryptoTale.