While the cryptocurrency market has witnessed strong rallies in recent weeks, meme coins have come to the fore. Especially meme coins continue to attract the attention of investors and traders. This encourages crypto exchanges to open their doors to them. In this context, Binance, the world’s largest cryptocurrency exchange, announced a new listing. Following the development, the relevant token price saw a strong increase in the red market.
Binance will launch the DEGEN perpetual contract: Token price skyrocketed!
As you follow from Kriptokoin.com, meme coins are at the forefront of the crypto rally. The wave of excitement around the original meme coin Dogecoin has spread to others. Thus, the old meme coin dream is back. This has fuelled the interest of cryptocurrency exchanges in meme coins. In a hot development, leading crypto exchange Binance announced that it will launch the DEGENUSDT perpetual contract with leverage of up to 75X on 15 November at 14:30 PT. In this context, the exchange made the following statement:
Dear Binance users, Binance Futures will launch the DEGENUSDT Perpetual Contract with leverage up to 75x on 15.11.2024 at 14:30 on 15.11.2024 at 14:30 TSI to expand the list of trading options offered on Binance Futures and improve the trading experience of users.
Following this development, DEGEN price saw a strong increase. The altcoin price jumped from $0.0206 to $0.0307 during the day. The meme coin later gave back some of its gains. However, DEGEN continues to fly high despite the red outlook in the market. At the time of writing, the token was changing hands at $0.029, up nearly 47% on a daily basis. Meanwhile, after the Binance announcement, the token’s trading volume also increased by more than 121% on a daily basis. This reflects the interest of investors and tarders in the token.
Exchange publishes report on AI agents in crypto!
Binance Research has published a new report on the growing role of artificial intelligence agents in crypto. According to the report, the intersection of AI and crypto has recently gained traction with the rise of AI agents. An AI agent is autonomous software capable of planning, executing tasks, and achieving goals without human intervention. Unlike traditional bots that rely on fixed rules and human input, AI agents manage complex, multi-step tasks, adapt based on feedback, and operate with greater flexibility. AI agents operate autonomously, perform tasks and make multi-step decisions without human intervention. They can interact with other agents, protocols and applications, dynamically adapting to new inputs.
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