Binance Futures Introduces NEIROUSDT and 1MBABYDOGEUSDT Perpetual Contracts with 75x Leverage

Binance
Futures
has
announced
the
launch
of
two
new
USDⓈ-margined
perpetual
contracts:
NEIROUSDT
and
1MBABYDOGEUSDT,
which
will
be
available
to
traders
starting
September
16,
2024.
These
contracts
will
offer
leverage
of
up
to
75x,
according
to

Binance.

Contract
Details

The
NEIROUSDT
perpetual
contract
is
scheduled
to
go
live
at
11:30
UTC,
followed
by
the
1MBABYDOGEUSDT
perpetual
contract
at
11:35
UTC.
Traders
can
utilize
up
to
75x
leverage
on
these
contracts,
significantly
amplifying
their
potential
gains
or
losses.

Binance
clarified
that
the
NEIROUSDT
contract
pertains
to
the
“First
Neiro
On
Ethereum”
(NEIRO)





token,
which
has
a
distinct
contract
address:
0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee.
This
is
different
from
the
previously
listed
NEIROETH
Futures
contract,
which
has
its
own
contract
address:
0xee2a03aa6dacf51c18679c516ad5283d8e7c2637.

Trading
and
Risk
Management

The
maximum
funding
rate
for
these
contracts
at
launch
is
set
at
+2.00%
/
-2.00%,
with
funding
fee
settlements
occurring
every
four
hours.
Binance
noted
that
it
might
adjust
various
parameters
of
these
contracts,
including
the
funding
fee,
tick
size,
maximum
leverage,
initial
margin,
and
maintenance
margin
requirements,
based
on
market
conditions.

Additionally,
traders
can
take
advantage
of
Binance’s
Multi-Assets
Mode,
which
allows
the
use
of
multiple
margin
assets.
For
instance,
users
can
use
Bitcoin
(BTC)
as
margin
when
trading
these
new
perpetual
contracts,
subject
to
applicable
haircuts.

Regulatory
and
User
Considerations

Binance
emphasized
that
the
new
perpetual
contracts
are
subject
to
its
Terms
of
Use
and
Futures
Service
Agreement.
The
company
also
noted
potential
discrepancies
in
translated
versions
of
the
announcement,
advising
users
to
refer
to
the
original
English
version
for
the
most
accurate
information.

With
the
introduction
of
NEIROUSDT
and
1MBABYDOGEUSDT
perpetual
contracts,
Binance
Futures
continues
to
expand
its
offerings,
providing
traders
with
more
options
to
diversify
their
strategies
and
potentially
enhance
their
trading
experience.

Image
source:
Shutterstock