Binance Lists NEIROETH/USDT Perpetual Futures with 75x Leverage
CryptoNewsTerminal Staff06 Sep, 2024
Binance Lists NEIROETH/USDT Perpetual Futures with 75x Leverage
Binance, the world's leading cryptocurrency exchange, has announced the listing of NEIROETH/USDT perpetual futures on September 6th at 23:00 (Korean Time). Perpetual futures are a type of derivative contract that allows traders to speculate on the future price of an underlying asset without having to take physical delivery of the asset. They are similar to traditional futures contracts, but they do not have an expiration date, which means that they can be held indefinitely. The NEIROETH/USDT perpetual futures will be quoted in USDT and will support a maximum leverage of 75x. This means that traders can multiply their potential profits by up to 75 times, but they should also be aware that this can also amplify their losses. The listing of NEIROETH/USDT perpetual futures is a significant development for Binance, as it further expands its offerings of cryptocurrency derivatives. It also provides traders with a new way to speculate on the price of NEIROETH, which is one of the most popular cryptocurrencies in the world.
