Binance announced the launch of futures trading for Neiro and BabyDoge today, expanding trading options and enhancing 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.
Possible Adjustments
Binance also revealed that, based on market risk conditions, the exchange may adjust the futures contracts from time to time. Possible 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.
About NEIRO and BabyDoge Projects
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](https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-neirousdt-and-1mbabydogeusdt-perpetual-contracts-with-up-to-75x-leverage-7fc53c11624b4d788fa97521a3480cda?hl=en), this is a different token from the NEIROETH Futures listing dated September 6 with a different token contract address for verification: 0xee2a03aa6dacf51c18679c516ad5283d8e7c2637.
Binance has launched a new series of futures contracts for NEIRO and BabyDoge, offering traders more options. The new futures support multi-asset margin mode and will be traded with up to 75x leverage.
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