After breaking almost every coin launch record, TRUMP Meme can now be used as margin for futures trading

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To say that the launch of the $TRUMP meme marked one of the most impactful financial events so far this year would be an understatement. After all, with the fully diluted market capitalization now exceeding $70 billion, Trump’s digital currency is now In the same evaluation league Such as established US companies such as Coinbase and FedEx.

$Trump Coin is now the 190th largest company in the world by market cap if it were a public company. Very funny

– Heisenberg (@Mr_Derivatives) January 19, 2025

Furthermore, with approximately 48 hours left until markets in the US open after the holiday on Monday, there is no indication of the highs $Trump might reach as retail traders will presumably remain focused on any distraction.

BingX now offers traders access to margined TRUMP coin futures trading. Traders can also use TRUMP as margin to trade futures on BingX for added flexibility. BingX launched spot trading for Trump on January 18 at 12:50 (UTC+8). https://t.co/MDSOrpZ06Y

— Wu Blockchain (@WuBlockchain) January 19, 2025

Meanwhile, cryptocurrency exchanges are moving quickly to capture the current mania around the president-elect’s coin. To wit, BingX, which was one of the first cryptocurrency exchanges to enable trading in TRUMP coin, is now opening margined futures trading in TRUMP coin, allowing the meme coin to be used as margin for futures trading on the platform.

For the benefit of those who may not be aware, the $TRUMP meme coin serves no benefit other than bringing together like-minded traders and investors to foster a community built on the star power of the next US president.

There is $200 million worth of TRUMP meme coin available for trading right now. Over the next three years, this supply will grow to 1 billion coins. Please note that this unreleased offering is currently owned by a Trump Organization affiliate, CIC Digital LLC, in conjunction with a Delaware-based, Trump-linked company, Fight Fight Fight LLC.

As we noticed recently mailthe $TRUMP meme coin is not the president-elect’s first foray into the nascent cryptocurrency space. Last October, the Trump family endorsed a decentralized cryptocurrency platform, called World Liberty Financial. In return, the family will receive hefty fees from selling WLFI tokens in dollars.

Of course, Trump was also involved in this matter NFTs. However, the scale and ferocity of the $Trump token’s rise seems to have caught almost everyone by surprise.