Binance Futures has announced the launch of a new perpetual contract for the meme cryptocurrency TRUMPUSDT, set to begin trading on January 19, 2025, at 13:00 UTC.
This new contract will be available with up to 25x leverage, offering traders the chance to engage in high-risk, high-reward speculation on the price of the newly launched $TRUMP coin, which has garnered significant attention following its introduction by President Donald Trump.
The TRUMPUSDT perpetual contract will be denominated in USDT, with trading available around the clock. Binance users will also be able to trade the contract across multiple margin assets through the platform’s Multi-Assets Mode, which enables the use of Bitcoin (BTC) as collateral for these trades. The contract will have a tick size of 0.001, and a capped funding rate of +2.00% / -2.00%, settled every four hours.
Binance noted that the new futures contract would be subject to market risk conditions, with potential adjustments to specifications such as funding fees, leverage, and margin requirements. As part of the platform’s strategy to expand trading choices, Binance is targeting a growing interest in meme coins, particularly in the wake of the surge in popularity of $TRUMP.
However, Binance has clarified that the launch of the TRUMPUSDT contract does not guarantee the listing of the $TRUMP token on the Binance Spot market. Despite this, the high volatility of meme coins could attract a wide range of traders seeking speculative opportunities. Users interested in trading this new perpetual contract are encouraged to familiarize themselves with the associated risks, as the platform has highlighted the high volatility and potential for liquidation due to adverse market movements.
Meanwhile, Binance Futures launched three new USD-margined perpetual contracts: COOKIEUSDT, ALCHUSDT, and SWARMSUSDT, offering up to 75x leverage. The contracts, tied to Cookie DAO, Alchemist AI, and Swarms projects, went live in January 2025, with COOKIEUSDT launching at 11:30 UTC, ALCHUSDT at 11:45 UTC, and SWARMSUSDT at 12:15 UTC. Settled in USDT, the contracts were available 24/7, with Multi-Asset Mode enabled for flexible margin use. Funding rates varied ±2.00%, settled every four hours, and Binance reserved the right to adjust parameters based on market conditions.
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