Binance List Pepe Coin and Myro Perpetuals with 50X Leverage

Binance, a leading cryptocurrency exchange platform, has recently made a significant announcement aimed at diversifying trading options for its users. The platform is set to introduce two new perpetual contracts, namely MYROUSDT and 1000PEPEUSDC, both offering leverage of up to 50x. These contracts are scheduled to launch on March 5, 2024, for MYROUSDT, followed by the introduction of 1000PEPEUSDC on March 7, 2024.

In addition to unveiling the launch dates, Binance has provided detailed information regarding the specifications of these perpetual contracts. Traders can expect key details such as tick size, funding rates, leverage limits, and trading hours to be clearly outlined. One notable feature of these contracts is the inclusion of multi-assets mode, which allows users to trade across multiple margin assets, providing greater flexibility and diversification opportunities.

Promotional Offers and Eligibility

To incentivize participation and engagement, Binance has rolled out attractive promotional offers for traders utilizing these new perpetual contracts. Traders engaging in MYROUSDT contracts will benefit from a maker fee rebate of 0.005% for a duration of 14 to 15 days, enhancing their trading experience and potential profitability. Additionally, Binance is offering a generous 10% promotional trading fee discount for all trades conducted on USDC-margined futures contracts until April 3, 2024.

To ensure transparency and clarity, Binance has provided clear eligibility criteria for these promotional offers. Traders are encouraged to take advantage of these incentives while adhering to the outlined requirements to maximize their trading benefits.

Also Read: Binance Ceases Nigerian Naira (NGN) Offerings Amid Nigeria’s Crypto Crackdown

Price Analysis and Market Performance

Both Myro (MYRO) and Pepe Coin (PEPE) have shown noteworthy price movements recently. Myro surged by an impressive 78.77%, reaching $0.3524817. However, Pepe Coin experienced a more modest increase of 0.7%, with its price at $0.00000750. While Myro’s surge indicates strong bullish sentiment, Pepe Coin’s increase, albeit smaller, suggests ongoing market activity. Investors should remain vigilant, considering potential volatility in both assets’ price actions.

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