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).”

READ MORE:

Binance Accused of Demanding Token Fees for Listings, Co-Founder Denies Allegations

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