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Binance Launches WHY and Cheems Perpetual Contracts: Market Volatility and the Future of BNBChain
Binance Launches WHY and Cheems Perpetual Contracts: Market Volatility and the Future of BNBChainOn November 25th, Binance Futures announced the launch of USD-margined perpetual contracts for 1000WHYUSDT and 1000CHEEMSUSDT, with leverage up to 75x. Following this announcement, WHY's price plummeted by over 30%, and Cheems fell by more than 50%