Binance has announced the launch of perpetual futures contracts for the Solana-based memecoin $CHILLGUY, offering traders leverage of up to 75x.
As per the announcement, the contract will be available for trading starting 2024-11-27 at 14:45 (UTC). This marks a significant move by Binance to cater to the growing demand for memecoins and their associated trading opportunities.
$CHILLGUY, a Solana-based memecoin, has been gaining popularity within the crypto community, known for its lighthearted branding and strong social media presence. The listing of $CHILLGUY on Binance reflects the increasing institutional recognition of memecoins as high-risk, high-reward speculative assets.
The perpetual contract will settle in USDT, with funding fees capped at +2.00% / -2.00% and settled every four hours. Traders can leverage Binance’s Multi-Assets Mode, allowing the use of multiple collateral assets for trading, enhancing flexibility and portfolio diversification.
By listing $CHILLGUY with a high-leverage option, Binance is signaling its commitment to supporting community-driven tokens that appeal to retail and professional traders alike. As trading goes live, the market will closely monitor $CHILLGUY’s price movements and its impact on the broader memecoin ecosystem.
Binance will also list the MORPHOUSDT perpetual contract, set to go live on 2024-11-27 at 14:30 (UTC), shortly before the $CHILLGUY listing. $MORPHO represents a utility-based token, further broadening the scope of trading opportunities for Binance users.
As $CHILLGUY and $MORPHO make their debut, market participants are watching closely to assess their price action and liquidity performance on the Binance platform.
Also Read: CHILLGUY Price Reaches $0.64 ATH with 58% Surge in 24 Hours
