Summary
TLDR: Binance plans to introduce a USDT-margined BOME Perpetual Contract with up to 50x leverage for trading the meme coin on the Solana blockchain. BOME has surged in popularity, with one trader earning $4.3 million in two days. Binance tightens criteria for token listings to bolster investor protection, demanding extended cliff periods and increased allocations to market makers.
Key Points
1. Binance is introducing a USDT-margined BOME Perpetual Contract with leverage of up to 50x, catering to the surge in popularity of the meme coin BOME on the Solana blockchain.
2. The BOMEUSDT Perpetual Contract offers a tick size of 0.001 and a funding rate capped between +2.00% and -2.00%, with qualified liquidity providers eligible for maker fee rebates.
3. Binance’s listing of BOME comes as the exchange tightens criteria for token listings, focusing on investor protection measures such as extended cliff periods and increased allocations to market makers.