Binance Futures Adds DEGEN Perpetual Contract with Up to 75x Leverage
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 15 2024Launch of DEGENUSDT Perpetual Contract: Binance Futures is set to launch the DEGENUSDT perpetual contract on November 15, 2024, allowing up to 75x leverage for traders, which has already led to a 12% increase in the DEGEN token's market value.
Market Impact and Risks: The introduction of this contract is expected to enhance DEGEN's market visibility and liquidity; however, Binance warns that trading with high leverage carries significant risks, especially in the volatile memecoin sector.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
