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COINTURK NEWS > Altcoin News > Binance Launches NEIROUSDT and 1MBABYDOGEUSDT Futures Contracts
Altcoin News

Binance Launches NEIROUSDT and 1MBABYDOGEUSDT Futures Contracts

In Brief

  • Binance introduces new futures contracts for NEIROUSDT and 1MBABYDOGEUSDT.

  • High leverage options aim to cater to various investor needs.

  • Binance alerts users about the distinction between NEIRO tokens to avoid confusion.

Ömer Ergin
Ömer Ergin 9 months ago
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Binance, one of the largest cryptocurrency exchanges globally by trading volume, announced the launch of perpetual futures contracts for NEIROUSDT and 1MBABYDOGEUSDT. These contracts will be available for trading with leverage up to 75 times.

Contents
Futures Contracts for NEIROUSDT and 1MBABYDOGEUSDT Begin TodayBinance Warns About NEIRO Token Distinction

Futures Contracts for NEIROUSDT and 1MBABYDOGEUSDT Begin Today

According to the official announcement from Binance, the NEIROUSDT perpetual futures contract will commence today, September 16, 2024, at 14:30 UTC. Following that, the 1MBABYDOGEUSDT perpetual futures contract will open for trading at 14:35.

The maximum funding rate during the launch of these futures contracts will be +/- 2 percent. The funding fee will be calculated and paid every four hours, ensuring frequent adjustments for traders.

Binance Warns About NEIRO Token Distinction

Binance emphasized that the NEIROUSDT perpetual futures contract is linked to the “First Neiro On Ethereum $2,545” (NEIRO) token, with the contract address being 0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee. This indicates that it represents a different token from the NEIROETH perpetual futures contract listed on September 6, 2024, with the address 0xee2a03aa6dacf51c18679c516ad5283d8e7c2637. The warning aims to prevent confusion between the two NEIRO tokens.

Binance’s prior announcement regarding the listing of NEIRO, BABYDOGE, and TURBO on its spot market acted as a catalyst for price surges in these altcoins. The announcement of perpetual futures contracts for NEIRO and BABYDOGE further fueled this upward trend.

As of the time of this report, NEIRO was trading at $0.0003244, showing over a 600% increase, while BABYDOGE rose by over 60%, trading at $0.000000001682.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 16 September, 2024 - 12:56 pm 16 September, 2024 - 12:56 pm
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