Is a coin that costs just a few cents really cheap?
Binance USDⓈ-M futures include contracts such as 1000PEPEUSDT, 1000SHIBUSDT, and 1000BONKUSDT. Their quoted prices correspond to 1,000 tokens.
These contracts have a 1000 prefix because the price of a single token is so low, with so many decimal places, that quoting and placing orders would be inconvenient.
The most important thing to keep in mind when managing your funds: before trading contracts like 1000PEPEUSDT, remember to calculate your position size in units of 1,000 tokens.
$PEPE 0.0₅509 (+13.11%)
Binance USDⓈ-M futures include contracts such as 1000PEPEUSDT, 1000SHIBUSDT, and 1000BONKUSDT. Their quoted prices correspond to 1,000 tokens.
These contracts have a 1000 prefix because the price of a single token is so low, with so many decimal places, that quoting and placing orders would be inconvenient.
The most important thing to keep in mind when managing your funds: before trading contracts like 1000PEPEUSDT, remember to calculate your position size in units of 1,000 tokens.
$PEPE 0.0₅509 (+13.11%)