CAT Rallies 50% as Binance Unveils Simon Cat and Pudgy Penguins With Zero-Fee and 75x Futures

CAT rallied 50% following Binance’s launch of Simon Cat and Pudgy Penguins, offering zero-fee trading, flexible staking, and futures up to 75x leverage. The listings spotlight rising interest in memecoins among crypto traders.

Binance Expands Offerings With Pudgy Penguins and Simon Cat

With the launch of Pudgy Penguins (PENGU) and Simon's Cat (1000CAT), Binance continues to innovate by increasing its products.

All four of these platforms—Simple Earn, Convert, Margin, and Futures—will have access to these coins beginning on December 17. Users now have access to 1000CAT and PENGU, which offer leveraged trading options, zero-fee conversions, and flexible staking.

Users can subscribe to flexible products for both tokens with Simple Earn, which is the first token to be rolled out.

Zero-Fee Trading and Margin Leverage for CAT and PENGU

Trading 1000CAT and PENGU against popular pairs like BTC and USDT will now be fee-free with Binance Convert.

Further, sophisticated traders will be able to use leverage on 1000CAT and PENGU as borrowable assets on Cross and Isolated Margin through the exchange margin, which will increase their returns.

Binance Futures Introduces 75x Leverage for PENGU Perpetual Contracts

Launching on Binance Futures with leverage of up to 75x, PENGU perpetual contracts will serve institutional and high-risk traders.

With this, you may trade at any time of day or night and still have access to powerful risk management tools.

One of the leading cryptocurrency exchanges has shown its dedication to its expanding user base by expanding its product offerings to include more flexible and easier-to-use options.

CAT Price Rallies 50 Percent as Demand for Memecoins Increases

Binance has added CAT and PENGU to its platform. CAT's price has increased 50 percent in the past 24 hours, reaching $0.00005919.

Its rising popularity among cryptocurrency fans is evident from its 31 percent weekly increase and 70 percent quarterly growth.

Binance Research Highlights the Rising Potential of Memecoins

As the popularity of memecoin continues to rise, Binance Research has seen the potential in these currencies and has integrated them into several applications, Coingape shares.

Additional subscriber participation is encouraged by the continuing HODLer airdrop, which enhances liquidity and user engagement.

Binance Strengthens Its Role in the Evolving Crypto Market

The exchange solidifies its position as a top platform for crypto trading and revenue with this key listing.

Retail and institutional traders alike can take advantage of its varied chances in the dynamic cryptocurrency market.