Why do some meme coin names in futures contracts have 1000 added in front?
First, what it means: Binance USDⓈ-M futures include contracts such as 1000PEPEUSDT, 1000SHIBUSDT, and 1000BONKUSDT. The quoted price corresponds to 1,000 tokens.
The reasoning behind it: Contracts with the 1000 prefix simply use a different quoting unit. Their percentage gains and losses are the same as those of a single token, but order quantities and prices are calculated based on 1,000 tokens.
$PEPE corresponds to the 1000PEPEUSDT trading pair on Binance USDⓈ-M futures.
If you're unfamiliar with a product, don't trade it with a large position right away. Try it with a small amount first.
First, what it means: Binance USDⓈ-M futures include contracts such as 1000PEPEUSDT, 1000SHIBUSDT, and 1000BONKUSDT. The quoted price corresponds to 1,000 tokens.
The reasoning behind it: Contracts with the 1000 prefix simply use a different quoting unit. Their percentage gains and losses are the same as those of a single token, but order quantities and prices are calculated based on 1,000 tokens.
$PEPE corresponds to the 1000PEPEUSDT trading pair on Binance USDⓈ-M futures.
If you're unfamiliar with a product, don't trade it with a large position right away. Try it with a small amount first.