Key Points
- Binance Futures launches NEIROUSDT and 1MBABYDOGEUSDT futures today.
- The futures contracts will launch with up to 75x leverage.
Binance announced the launch of futures trading for Neiro and BabyDoge today, to expand trading options and enhance traders’ experience.
Futures Listings Details
In the official announcement, Binance Futures revealed the key details for the futures listings today:
- The Perpetual Contracts are: NEIROUSDT and 1MBABYDOGEUSDT
- NEIRO futures will launch at 11:30 (UTC) with the underlying asset being First Neiro on Ethereum (NEIRO).
- 1MBABYDOGEUSDT will launch 5 minutes later at 11:35 (UTC), with BabyDoge Coin (BabyDoge) as the underlying asset.
- The settlement asset is USDT in both cases.
- Both tick sizes are yet to be confirmed.
- The Capped Funding rate for both contracts will be +2%/-2%.
- The Funding Fee Settlement Frequency will be every four hours for both contracts, starting at 12:00 (UTC).
- The maximum leverage for both contracts will be 75x.
- Trading hours will be 24/7
- Multi-Assets Mode will be supported by both contracts.
Also, Binance revealed that, based on market risk conditions, the exchange may adjust the futures contracts from time to time.
The adjustments could be made to the following:
- Funding fee
- Tick size
- Maximum leverage
- Initial margin
- Maintenance margin requirements
The Multi-Assets Mode allows users to trade the futures contracts mentioned above across multiple margin assets. For example, when the Multi-Assets Mode is activated, users will be able to use BTC as margin, when trading the futures contracts.
The futures contracts are subject to Binance’s Terms of Use and Binance Futures Service.
Binance also made sure to highlight that the futures listings is for First Neiro on Ethereum (NEIRO) with the contract address for verification: 0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee
According to the exchange’s announcement, this is a different token from the NEIROETH Futures listing dated September 6 with a different token contract address for verification: 0xee2a03aa6dacf51c18679c516ad5283d8e7c2637
What is the First Neiro on Ethereum (NEIRO)?
First Neiro on Ethereum project is a memecoin on Ethereum and it’s 100% community-owned and managed. This is different than the token Neiro on Ethereum.
What is BabyDoge Coin?
BabyDoge Coin and 1MBABYDOGE refer to the same asset in different denominations. This is the leading community memecoin on the BNB Chain. The coin was created initially as a joke with the mission to help spread awareness of animal adoption.
