Binance to Launch 75x Futures Trading for New Memecoin

Binance, the leading cryptocurrency exchange globally, remains active in unveiling new altcoin offerings.

The latest addition is Ponke (PONKE), a meme coin based on the Solana blockchain, featuring a character described as a “degenerate gambler with anger issues.”

In an exciting update, Binance has announced the upcoming launch of futures trading for PONKE, allowing for an impressive leverage of up to 75x.

The exchange stated, “To diversify our trading options on Binance Futures and improve user experience, we will introduce the PONKE/USDT Perpetual Contract with up to 75x leverage, effective from 2024-11-04 at 12:30 PM (UTC).”

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Memecoins are extremely volatile, especially the small-cap ones, and investing in them poses significant risks. While trading these coins with leverage you can lose everything you have in no time.

This article is not investment advice and shouldn’t be considered as such. As we mentioned memecoins are a lucrative yet very risky venture, so everyone should do their own research before taking action.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.