The world’s largest in terms of transaction volume $0.480476u-crypto-currencies-will-be-the-financial-element-of-the-internet”>Binance, one of the cryptocurrency exchanges, today NEIROUSDT And 1MBABYDOGEUSDT announced that it will offer its perpetual futures contracts to its users and open them for transactions. Both contracts can be used with leverage of up to 75 times.
Futures Start Today for NEIROUSDT and 1MBABYDOGEUSDT
BinanceAccording to the details of the official announcement made by , the NEIROUSDT perpetual futures contract will be launched on September 16, 2024, that is, today at 14:30 CET. At 14:35, the 1MBABYDOGEUSDT perpetual futures contract will be opened for trading.
The maximum funding rate for futures contracts at launch will be +/- 2 percent. Funding fees payment frequency will be every four hours and the funding rate will be calculated every four hours.
Both futures contracts will be available high leverage ratios It will meet the needs of investors at different levels. Of course, using high leverage increases the potential gains, but it also increases the risks. Binance warns its users to fully understand the risks and be careful before engaging in such transactions.
Binance Warns About NEIRO
All this together, Binance announced that the NEIROUSDT perpetual futures contract “First Neiro On Ethereum 
$2,318“(NEIRO) token and the contract address is 0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee. This means that it represents a different token than the NEIROETH perpetual futures contract listed on September 6, 2024 (contract address: 0xee2a03aa6dacf51c18679c516ad5283d8e7c2637). Binance’s warning emphasizes this difference so that users do not get confused between the two different NEIRO tokens.
Binance Announcement Boosts NEIRO and BABYDOGE’s Rise
Binance had previously announced that it would list NEIRO, BABYDOGE and TURBO on the spot. This announcement should come as no surprise. altcoinIt was the trigger for the rise in the ‘s. Then the announcement that perpetual futures would be launched for NEIRO and BABYDOGE supported the rise.
At press time, NEIRO is trading at $0.0003244, up over 600%, while BABYDOGE is trading at $0.000000001682, up over 60% in the same time frame.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
