Binance has listed MUBARAK/USDT perpetual contracts on its futures exchange. The listing is a major step for the meme token, which gains exposure to a wider set of traders and investors. The new contract will support a maximum leverage of 25x, which can potentially lead to higher returns but also greater risk.
A MUBARAK Crypto Meme Details
MUBARAK is a meme coin that uses community-based principles for its operations. The development of the coin occurred through the Four Meme launchpad. It operates on the BNB Chain network.
Moreover, MUBARAK stands apart from other conventional cryptocurrencies because it accepts the humorous aspects of online communities.
MUBARAK tokens received increased popularity when Binance's founder, Changpeng Zhao (CZ) made an investment worth $600. The token quickly gained prominence when CZ endorsed it with his purchase of $600 worth of tokens, thus raising it above all other meme coins currently available in the market.
Specifications of the Contract and Detailed Event Information
The MUBARAK/USDT perpetual contract will become available on Binance on March 17, 2025 according to official Binance press statements. Here are the contract characteristics:
- Maximum leverage: 25 times
- USDT is the settlement asset.
- Size of tick: 0.0001
- Funding rate cap: +2.00%/-2.00%
- Four-hour intervals will be used to settle the funding charge.
- Trading hours: all day, all night
- Activated Multi-Assets Mode
The perpetual contract launch happens after MUBARAK obtained its listing on Binance Alpha which serves as a platform for new community-driven projects. The MUBARAK token demonstrates increased market interest through the transition from Alpha listing to futures contract listing on Binance.
Evaluating the Possible Effect on the Market and Trading Risks
MUBARAK/USDT perpetual contracts on Binance Futures will produce major changes in both trading volume and token price.
Historical price records demonstrate that the MUBARAK token underwent a tremendous surge of 3,815.65% throughout the previous 30 days, resulting in its price elevation from $0.002 to $0.078313. When leveraged trading becomes available, it leads to increased price variations in the market.
Potential investors should exercise caution when trading. A high leverage rate of 25x creates both solid profit potential and equally severe potential for heavy losses. The value of the MUBARAK meme coin changes rapidly through social media reactions, which drive price movements according to crowd psychology.
Binance Futures launched MUBARAK/USDT perpetual contracts, which became the main highlight for the meme token. The leverages of this highly volatile currency require traders to exercise careful movement since opportunities for trading will eventually appear. The foundation of investment trading in all cryptocurrencies includes thorough research and controlled risk management.
