Binance Futures, the futures trading arm of major cryptocurrency exchange Binance, announced the launch of futures contracts for Dogwifhat (WIF), aiming to expand trading options and enhance user experience.
The new WIF/USDT perpetual futures will be available with up to 50x leverage, starting at 17:15 (TSI). The maximum funding rate during the launch will be set at +/- 2%, with funding fees being paid every four hours, similar to other perpetual contracts on the platform.
It’s important to note that WIF is not yet listed on Binance Spot but will be included only in the Binance Futures market. Currently, WIF can be traded on exchanges like Gate.io, HTX, and MEXC.
Following Binance’s announcement, Dogwifhat’s price experienced a sharp increase, often triggered by such futures listings on the exchange. The price of WIF surged over 30% in the last 24 hours, reaching $0.4814, before slightly retracting.
Moreover, the announcement propelled WIF to an all-time high (ATH) of $0.4814, marking a record in the coin’s value. At the time of writing, WIF’s price has seen a 33.81% increase, trading at $0.451.
