Binance Futures to Launch USDⓈ-Margined NEIRO/ETH Perpetual Contract with 75x Leverage

Binance
Futures
has
unveiled
plans
to
introduce
a
new
USDⓈ-Margined
NEIRO/ETH
Perpetual
Contract,
offering
traders
leverage
of
up
to
75x.
This
move
aims
to
broaden
the
array
of
trading
choices
and
enhance
the
user
experience
on
the
platform,
according
to
Binance.

Contract
Details
and
Specifications

The
NEIRO/ETH
Perpetual
Contract
is
set
to
go
live
on
September
6,
2024,
at
14:00
UTC.
Key
features
include
a
maximum
funding
rate
of
+2.00%
/
-2.00%
and
a
funding
fee
settlement
frequency
every
four
hours.
These
specifications
are
subject
to
change
based
on
market
risk
conditions,
as
Binance
reserves
the
right
to
adjust
parameters
such
as
the
funding
fee,
tick
size,
maximum
leverage,
and
margin
requirements.

Multi-Assets
Mode
and
Terms

Traders
can
leverage
the
Multi-Assets
Mode
to
trade
the
NEIRO/ETH
Perpetual
Contract
across
various
margin
assets,
including
BTC,
subject
to
applicable
haircuts.
This
mode
offers
greater
flexibility
and
potentially
better
margin
utilization
for
users.

The
new
contract
will
adhere
to
Binance’s
Terms
of
Use
and
the
Binance
Futures
Service
Agreement.
Users
are
advised
to
consult
these
documents
for
comprehensive
guidelines
and
conditions.

Market
Impact
and
User
Preparedness

This
announcement
follows
a
series
of
strategic
moves
by
Binance
to
expand
its
futures
trading
portfolio.
The
introduction
of
high-leverage
contracts
like
NEIRO/ETH
can
attract
experienced
traders
looking
for
enhanced
trading
opportunities.
However,
it
also
brings
significant
risks,
given
the
volatile
nature
of
cryptocurrency
markets.

Binance
has
emphasized
the
importance
of
responsible
trading,
urging
users
to
assess
the
appropriateness
of
such
high-leverage
products
in
light
of
their
own
investment
goals
and
risk
tolerance.
The
platform
provides
resources
for
responsible
trading
to
help
users
make
informed
decisions.

For
further
details,
please
refer
to
the
official
announcement
on

Binance.

Image
source:
Shutterstock