#Binance and #OKX. list NEIROETH perpetual contracts, driving a price surge. NEIRO now offers up to 75x leverage on Binance and 0.01-20x on OKX.
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.

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- The Digital Asset Exchange Alliance claims OKX operated in South Korea without proper registration.
- OKX allegedly targeted South Korean investors via Telegram influencers for its "Jumpstart program."
- This highlights the regulatory challenges in South Korea, where foreign exchanges need registration to serve citizens.
- South Korea is gearing up to implement stricter crypto laws.
- Violations of these laws could result in penalties, including imprisonment for at least one year or fines up to five times the illicit profits.

South Korea's cryptocurrency exchange OKX is currently facing regulatory scrutiny in the region, prompted by allegations of illegal activities. The Digital Asset Exchange Alliance (DAXA), representing major exchanges like Coinone, Bithumb, Korbit, Upbit, and Gopax, has filed a complaint against OKX, accusing it of engaging in unlawful cryptocurrency practices.
Specifically, OKX is accused of orchestrating a Jumpstart Program to attract South Korean investors through telegram influencers, despite being based in Seychelles and not directly targeting South Korean users. These allegations reflect the broader regulatory environment in South Korea, where foreign exchanges must register to operate legally, posing a challenge for them to serve South Korean investors within regulatory bounds.
The DAXA report on OKX has prompted the Financial Intelligence Unit (FIU) to investigate further under the oversight of the Financial Services Commission (FSC), with a focus on enforcing stricter regulations within the crypto industry.
As South Korea prepares to enact tougher cryptocurrency laws, potential penalties include life imprisonment for violations. The Financial Services Commission (FSC) has warned of severe consequences for breaches, with penalties ranging from imprisonment to fines up to five times the illicit profits obtained.
In light of regulatory changes, Lee Bok-hyun, governor of the Financial Supervisory Service (FSS), plans to discuss various financial market aspects, including digital assets, with Gary Gensler, chairman of the US Securities and Exchange Commission (SEC). This follows the SEC's recent approval of Spot Bitcoin ETF proposals, indicating a significant development in regulatory oversight.
Please note that while Voice of Crypto aims to provide accurate information, readers should conduct their own research due to the highly volatile nature of cryptocurrencies.

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