Today, Binance Futures has announced the launch of two new perpetual contracts: NULSUSDT and DOGSUSDT. The leading global crypto exchange intends to enhance the trading experience and expand the trading options available.
Binance gets behind NULS and DOGS
As per Binance’s official announcement, the NULS/USDT contract will go live on August 26, 2024, at 08:30 (UTC). Afterward, the DOGS/USDT contract will go live at 12:30 (UTC). Both contracts will offer up to 75x leverage, providing traders with increased flexibility and potential for gains.
Perpetual futures are a sort of derivative contract in which investors can speculate on the future value of an underlying asset. These contracts have no expiration date, and you do not have to own them.
NULS is a decentralized blockchain platform with a modular architecture that allows users to customize their services. It is designed to help the development of market-leading products by using advanced technology. NULS, an open-source community blockchain project, thrives on flexibility and interoperability features.
The listing comes amid Pavel Durov’s arrest and incarceration in France. DOGS is a memecoin that developed within the Telegram community. DOGS is intended to capitalize on Telegram’s large user base and native meme culture.
While DOGS is largely a memecoin, its strong community and connection to Telegram suggest promise for growth.
Also Read: Matrixport predicts a Bitcoin rally amid potential macroeconomic shifts
Source: https://www.cryptonewsz.com/binance-futures-launch-nuls-dogs-contracts/