Coinbase Prepares To List NEIRO Perpetual Futures
As bullish sentiments grow, Coinbase prepares to list NEIRO perpetual futures on November 7, 2024, increasing market liquidity and accessibility.
Coinbase International Exchange has officially announced that it will soon support perpetual futures for First Neiro On Ethereum (NEIRO). NEIRO will achieve a significant milestone as it continues its impressive trajectory in the crypto market with the listing, which is set to commence at 9:30 am UTC on November 7, 2024.
Coinbase recently disclosed its intention to implement perpetual futures for First Neiro On Ethereum (NEIRO) in a post on X (formerly Twitter), which sparked excitement among the crypto community. The news prompted traders to react, resulting in a 9% increase in the price of NEIRO over the past seven days. On November 7, 2024, Coinbase will introduce a new NEIRO-PERP market, providing NEIRO with an additional trading venue and increasing its liquidity.
In addition, the forthcoming listing on Coinbase continues NEIRO’s exceptional market performance since its initial Binance spot listing in September. The price of NEIRO increased by more than 1000% within a week of its listing, attracting investors’ attention.
In the same vein, including NEIRO perpetual futures on Coinbase will appeal to a broader spectrum of investors interested in NEIRO through derivative markets. This has the potential to maintain the upward trajectory of NEIRO.
This development distinguishes NEIRO from its competitors, particularly in light of the token’s increased liquidity and credibility due to the listing. It is intriguing that, despite the growing excitement surrounding First Neiro On Ethereum, competitor Neiro ETH experienced a 16% decline in value shortly after the announcement.
Additionally, the new listing of NEIRO on Coinbase is crucial for continuing its positive momentum, as it allows the company to access a broader trading audience.
Binance also expanded its NEIRO offerings by incorporating them into its future copy trading platform in conjunction with the announcement. NEIRO has already garnered renewed interest due to its copy trading feature, which enables investors to replicate the strategies of experienced traders in real time. Investors responded to the enhanced trading capabilities by increasing the token’s price and TURBO on Binance by 10%.
Furthermore, the price of NEIRO experienced a surge in response to its partnership with DWF Labs, underscoring the influence that strategic alliances can have on the valuation of meme coins. This partnership improves NEIRO’s visibility in the market and stabilizes its trading volumes in the face of volatile market conditions.
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