NEIRO Price Shoots 110% On Binance and OKX Futures Listing

Binance and OKX have announced the listing of perpetual contracts for Neiro Ethereum (NEIROETH). This inclusion comes amidst a remarkable surge in NEIROETH prices following the listing news. Meanwhile, OKX has broadened its spectrum by adding NEIROETH alongside BRETT and CAT in its perpetual futures options.

NEIRO Price Shoots On Binance and OKX Futures Listing

Following the recent announcement by Binance about the introduction of USD-Margined NEIROETH Perpetual Contracts, NEIRO price has seen a dramatic increase. This new contract offers traders up to 75x leverage and is part of the crypto exchange efforts to diversify its trading options and enhance user experience on its Futures platform. 

The listing that happened today, allows trading around the clock, supporting multi-assets mode, which has been a significant factor in the increased trading volume and subsequent price surge of NEIROETH.

In addition, the NEIROETHUSDT perpetual contract’s specifications include a tick size of 0.0001 and a capped funding rate of +2.00% / -2.00%, with funding fee settlements occurring every four hours. These features aim to provide traders with an attractive opportunity to leverage market movements in NEIROETH favor.

OKX lists perpetual futures for NEIROETH

Simultaneously, OKX has initiated the listing of NEIROETH perpetual futures, alongside other digital assets like BRETT and CAT. This expansion offers a different set of features for its perpetual futures, including a leverage range of 0.01-20x and a unique funding fee mechanism.

More so, this mechanism calculates fees based on the average of the best bid and offer compared to the spot index price, with an interest clamp between -0.75% and 0.75%.

The NEIROETH/USDT perpetual futures at OKX are expected to attract a significant trading volume and boost NEIRO price  given the flexible trading conditions and the lower entry barriers in terms of minimum leverages. These conditions cater to both conservative traders and those seeking higher risk and rewards.

Market Implications and Future Prospects

The dual listing of NEIROETH on Binance and OKX platforms reflects the growing interest in NEIROETH as a player in the crypto futures market. Despite NEIRO facing scrutiny after insider sell-offs recently, NEIRO price has already surged over 100% following these listings.

At the time of writing, Neiro price is trading at $0.1496, showing a remarkable 100.75% surge in the last 24 hours. Its market cap has similarly increased by over 100%, reaching $149,579,946, with the trading volume also displaying a 100% uptick.

In addition, as reported by CoinGape today, Binance Futures launched a USD-margined QUICK perpetual contract, aiming to enhance trading options.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience. He has worked extensively with various media outlets on cryptocurrency trends and technologies. When he’s not analyzing the latest crypto developments, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.