Binance has announced the addition of two new USDⓈ-Margined perpetual contracts to its Futures platform, expanding trading options for users amid continued growth in the derivatives market.
Starting April 25, traders can access the MEMEFIUSDT and FISUSDT perpetual contracts, with trading scheduled to go live at 07:15 UTC and 07:30 UTC, respectively. The MEMEFI contract will offer up to 50x leverage, while the FIS contract will provide leverage as high as 75x.
MemeFi (MEMEFI), the underlying asset for the first contract, has made waves in the Telegram mini-app ecosystem, evolving from a basic tap-to-earn game into a complex ecosystem with interconnected game mechanics. StaFi (FIS), the second asset, is the first DeFi protocol enabling liquidity for staked assets.
Both contracts will settle in USDT and come with a capped funding rate of +2.00%/-2.00%, settled every four hours. The MEMEFIUSDT contract has a tick size of 0.000001, while FISUSDT’s tick size is set at 0.00001. Binance noted that the contracts will also be supported on Futures Copy Trading within 24 hours of launch, allowing users to replicate the trades of top-performing investors.
For enhanced flexibility, both contracts are compatible with Multi-Assets Mode, allowing users to fund trades using a variety of margin assets, such as BTC, subject to haircut requirements. As always, Binance reminded users that all futures contracts are governed by its Terms of Use and the Binance Futures Service Agreement. The exchange also emphasized that a futures listing does not imply a guaranteed spot listing.
Meanwhile, Binance will delist Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING) on May 2 at 03:00 UTC, citing failure to meet listing standards. The move follows a routine review assessing developer activity, liquidity, security, and compliance. All open spot orders will be cancelled to uphold platform integrity and user protection.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
