Binance Futures will launch a new perpetual contract for dogwifhat (WIF), a memecoin on the Solana blockchain, on its futures platform. The contract will allow traders to use up to 50x leverage and will be denominated in USDⓈ-M, a stablecoin pegged to the US dollar. WIF is a meme-inspired token that features a dog wearing a hat and claims to be the fastest and cheapest memecoin. WIF is not yet listed on Binance's spot market or any other major exchanges. The contract will go live on 2024-01-18 at 14:15 (UTC).
Up to 50x Leverage
The world's largest cryptocurrency exchange by trading volume, Binance, announced that it will launch a new perpetual contract for dogwifhat (WIF), a memecoin on the Solana blockchain, on its futures platform. The contract will allow traders to use up to 50x leverage and will be denominated in USDⓈ-M, a stablecoin pegged to the US dollar.
WIF is a meme-inspired token that features a dog wearing a hat. It was created as a joke by a Solana developer and has gained popularity among crypto enthusiasts. WIF claims to be the "fastest and cheapest" memecoin, as it leverages Solana's high scalability and low fees. WIF has a total supply of 10 billion tokens and a current market cap of about $1.2 billion, according to CoinGecko.
First Major Platform to Offer WIF Perpetual Contract
Binance Futures is the first major platform to offer a perpetual contract for WIF, as the token is not yet listed on Binance's spot market or any other major exchanges. The contract will go live on 2024-01-18 at 14:15 (UTC), according to Binance's announcement. Binance Futures users can trade the WIF/USDⓈ-M contract with a minimum price movement of 0.0001 and a minimum order quantity of 0.1.
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