Binance Introduces TRUMPUSDT Perpetual Contract with Up to 25x Leverage

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the launch of a new USD-margined TRUMPUSDT perpetual contract.

This contract went live on January 18, 2025, at 13:00 UTC, and will provide traders with leverage of up to 25x, enhancing their ability to capitalize on market movements related to the TRUMP token.

The TRUMP token, associated with Donald Trump, has rapidly gained traction in the cryptocurrency market. The meme coin achieved a significant milestone, reaching a market capitalization of $10 billion just a few hours after its launch. This surge reflects the growing interest in meme coins and the popularity of Donald Trump in the crypto space.

Key Features of the TRUMPUSDT Perpetual Contract

Binance has provided detailed specifications for the TRUMPUSDT perpetual contract. Notable features include:

1. Maximum Leverage: Traders can access up to 25x leverage, enabling them to amplify their trading positions.
2. Funding Fee Settlement: The funding fees will be settled every four hours, with an initial capped rate of ±2.00%.
3. Multi-Assets Mode: Users can trade the TRUMPUSDT contract using multiple margin assets, including Bitcoin (BTC), subject to applicable haircuts.
4. 24/7 Trading: The contract will be available for trading around the clock, offering traders flexibility and continuous access to market opportunities.

Binance also highlighted that the contract’s parameters, such as funding rates, tick size, and margin requirements, may be adjusted based on market conditions.

Market Impact and Reception

Ash Crypto (@Ashcryptoreal), a crypto enthusiast on X, shared the news and highlighted the significance of this development, stating, “This is getting crazy!” Many community members are excited about the meme coin and the newly launched perpetual contract.

The introduction of the TRUMPUSDT perpetual contract aligns with the growing prominence of meme-coin in the cryptocurrency market. Its rapid rise demonstrates substantial investor interest and enthusiasm.

Binance’s decision to list this perpetual contract reflects the platform’s commitment to expanding trading options and catering to the evolving interests of its users.

At press time, the TRMUP meme coin had joined the top 30 tokens by market cap with a 315% surge in under a day. Binance’s launch of the TRUMPUSDT perpetual contract marks a significant milestone for the TRUMP token and its growing influence in the cryptocurrency space.

With its competitive features, the token’s rapid rise in the market, and Trump’s plans to prioritize the crypto market’s needs, this new offering is poised to attract considerable attention from traders worldwide.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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