At Extreme Investor Network, we are excited to share the latest development from Binance Futures. The leading cryptocurrency exchange has just announced the launch of a new USDⓈ-Margined NEIRO/ETH Perpetual Contract, offering traders leverage of up to 75x. This move is designed to provide users with more trading options and enhance their overall trading experience on the platform.
The NEIRO/ETH Perpetual Contract is scheduled to go live on September 6, 2024, at 14:00 UTC. Key features of the contract include a maximum funding rate of +2.00% / -2.00% and a funding fee settlement frequency every four hours. It is important to note that these specifications are subject to change based on market conditions, as Binance reserves the right to adjust parameters like funding fees, tick size, maximum leverage, and margin requirements.
One unique feature of the new contract is the Multi-Assets Mode, which allows traders to utilize various margin assets, including BTC, with applicable haircuts. This mode offers increased flexibility and potentially better margin utilization for users. Traders are advised to review Binance’s Terms of Use and the Binance Futures Service Agreement for comprehensive guidelines and conditions.
This announcement is part of Binance’s strategic efforts to expand its futures trading portfolio and cater to the needs of experienced traders seeking enhanced trading opportunities. However, it is essential for users to exercise caution, as trading high-leverage products like the NEIRO/ETH Perpetual Contract carries significant risks due to the volatile nature of cryptocurrency markets.
Binance encourages responsible trading practices and urges users to carefully assess the suitability of high-leverage products based on their investment goals and risk tolerance. The platform provides resources for responsible trading to assist users in making informed decisions.
For more information, we recommend referring to the official announcement on Binance’s website. Stay tuned for updates and insights on the latest trends in the cryptocurrency and blockchain space at Extreme Investor Network.