Why do some meme coin names have 1000 prefixed to them in futures contracts?
In Binance USDⓈ-M futures, contracts like 1000PEPEUSDT, 1000SHIBUSDT, and 1000BONKUSDT are quoted based on the price of 1,000 tokens.
When trading contracts like 1000PEPEUSDT, remember to calculate your position size in units of 1,000 tokens.
$PEPE corresponds to the 1000PEPEUSDT trading pair on Binance USDⓈ-M futures. It’s currently at 0.0₅507.
Anything else to add? Share it in the comments.
In Binance USDⓈ-M futures, contracts like 1000PEPEUSDT, 1000SHIBUSDT, and 1000BONKUSDT are quoted based on the price of 1,000 tokens.
When trading contracts like 1000PEPEUSDT, remember to calculate your position size in units of 1,000 tokens.
$PEPE corresponds to the 1000PEPEUSDT trading pair on Binance USDⓈ-M futures. It’s currently at 0.0₅507.
Anything else to add? Share it in the comments.