Important Binance update for January 18 regarding Dogecoin (DOGE).

TL; DR

Binance is introducing a new USDC-margined DOGE perpetual contract with enhanced trading features. The exchange continues to fine-tune its offering, implementing several changes starting in early 2024.

The world's leading cryptocurrency exchange – Binance – It will expand. List of services on Binance Futures launching the USDC-margined DOGE perpetual contract. The update will come into effect on January 18 and will allow trading up to 75x leverage.

The option enables multi-asset mode, which allows clients to use multiple cryptocurrencies including Bitcoin (BTC) as margin.

The company is offering users a 10% promotional fee discount for all trades on USDC-margined futures contracts through April 3, 2024.

“Depending on market risk conditions, Binance may adjust the details of the above futures contract(s) from time to time, including the funding fee, ticket size, maximum amount, initial margin and/or maintenance margin requirements,” it said.

Additional support from a crypto behemoth like Binance could increase the liquidity and credibility of the digital asset involved, thereby boosting investor confidence.

However, DOGE has experienced little-to-no volatility since the announcement, trading at $0.08 (per CoinGecko data).

This is not the first move of the exchange since the beginning of 2024. On the 4th of January It has been transferred Monero (XMR), Zcash (ZEC) and other cryptocurrencies are listed on the watch list where they are regularly reviewed.

A few days later the company Added SOL/USDC, ARB/FDUSD, and DOCK/USDT as cross margin pairs and SOL/USDC, ARB/FDUSD, and OP/FDUSD as neutral margin pairs.

Most recently, he announced Removal of four spot trading pairs (DAR/BNB, DEXE/ETH, ID/BNB, and POLS/BTC) effective January 19.