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Binance Futures introduces Dogecoin perpetual contracts with USDC margin

EditorRachael Rajan
Published 2024-01-17, 12:36 p/m
© Reuters
DOGE/USD
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GLOBAL - Binance Futures has announced the launch of a new USDC-margined DOGE Perpetual Contract. The addition is set to go live on Thursday at 10:00 a.m. UTC and will enable traders to trade Dogecoin, which is currently the tenth-largest cryptocurrency by market capitalization, alongside other major cryptocurrencies.

The introduction of the DOGE Perpetual Contract with USDC margining is part of Binance Futures' continuous efforts to expand its offerings. Earlier this month, the platform began offering USDC margining options for major cryptocurrencies, marking a significant enhancement to its trading services. This move by Binance Futures reflects the growing demand for more diverse trading products in the dynamic cryptocurrency market.

With the integration of Dogecoin into its futures trading platform, Binance Futures provides traders with additional opportunities for diversification and speculation in the cryptocurrency space. Dogecoin, which started as a meme-inspired cryptocurrency, has gained substantial popularity and market value, making it a notable addition to the futures market.

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