$WSM Perpetual Futures Contract Launches on KuCoin – Trade Wall Street Memes With 20x Leverage

cryptonews.com:

Friday, October 27, 2023 – As meme coin season returns following a breakout rally for the Bitcoin price, KuCoin has listed Wall Street Meme’s native token $WSM for perpetual futures trading with up to 20x leverage.

This comes hot on the trail of the highly anticipated Wall Street Memes Casino, which launched last week in an innovative Telegram play aiming to shake-up the GambleFi market.

@KuCoinFutures has launched Perpetual Contracts $POLYX, $GAS, $RIF, $WSM USDT-M with Up to 20x Leverage

⚡️Trade now: https://t.co/5tKRbOSWEuhttps://t.co/zxa91Wuo1Uhttps://t.co/f1bZkHYbULhttps://t.co/zIg3W3keo2 pic.twitter.com/SbxRSJg8dU

— KuCoin Futures ⚡️ (@KuCoinFutures) October 27, 2023

Keen traders will now be able to trade $WSM futures on KuCoin without a derivatives contract expiry date, enabling them to take advantage of long-term price action with a maximum of 20x leverage.

$WSM price action has been making a comeback over the past 9 days, following a large retracement, with double-bottomed support emerging above the $0.02 price level.

The bullish posture of $WSM has already seen the price push-up +33% week-on-week, and this has been matched by 3.9% growth in $WSM holders.

With Wall Street Memes’ 24-hour trading volume on-chain already surging to $1.16m, the breaking news surrounding a perpetual futures contract listing on KuCoin is likely to fuel the upside move further.

Indeed, KuCoin Futures is ranked as the 10th biggest crypto derivatives exchange in the world, and the $WSM perpetual futures contract listing will see Wall Street Memes tap into a share of KuCoin’s $1.5bn in 24-hour trading volume.

Back on October 12, when $WSM secured a major perpetual futures contract listing on ByBit and MEXC, the price surged +19% on the perps