Cat in a Dogs World (MEW), the leading cat-themed crypto token and a popular meme coin on the Solana (SOL) blockchain, has made its debut on Binance Futures, offering perpetual trading options for crypto traders. This development has sparked excitement within the crypto community and has led to a surge in both the price and trading volume of MEW.
The addition of MEW to Binance Futures, one of the largest derivative trading platforms in the world, took place on June 17, 2024. Traders now have access to the MEW Perpetual Contract denominated in USD-M, with leverage of up to 50x available for trading. The funding rate for the MEWUSDT Perpetual Contract was initially capped at 2%, with adjustments to the funding fee made every four hours.
One unique feature of trading the MEWUSDT Perpetual Contract on Binance is the Multi-Assets Mode, which allows users to utilize multiple margin assets, such as BTC, when trading the contract. This flexibility enhances trading opportunities for MEW traders on the platform.
The MEW community has expressed enthusiasm over the listing of the MEWUSDT contract on Binance and recognizes the significance of MEW’s presence in the crypto market. The excitement surrounding this listing has been evident in the 25% price increase of MEW following the announcement, with the token reaching a price of over $0.0051 on major spot exchanges.
In addition to the price surge, MEW has seen a significant increase in trading volume, with the token now ranking among the top 50 cryptos by trading volume. Despite prevailing market conditions, MEW’s market capitalization has exceeded $450 million, reflecting strong investor interest in the meme coin.
Binance’s milestone achievement of 200 million users and $120 billion in user assets further solidifies its position as a leading cryptocurrency exchange, surpassing its competitors in user base and market dominance. The listing of MEW on Binance Futures represents a major milestone for the meme coin and demonstrates its growing popularity in the crypto industry.
