OKX & Binance launch Memecoin Future Contracts

OKX and Binance, two major cryptocurrency exchanges, have announced that they will be launching meme coin future contracts for NEIRO, BRETT and CAT. These contracts allow traders to speculate future price movement of the memecoin. This development is set to thrill memecoin investors and traders across the globe and will cater to the growing demand for meme coins and will also increase the value of these memes coins in the crypto market. 

OKX’s Memecoin Futures Offerings

OKX, the second largest offshore exchange, has made it public that will be launching three meme coin futures contracts: 

• NEIROETHUSDT: Neiro is a memecoin built on Ethereum blockchain, inspired by the Shiba Inu meme
• BRETTUSDT: Brett is a memecoin created on the Base chain, inspired by a comic character meme
• CATUSDT: CAT is a memecoin issued on the BNBChain, inspired by cat-themed meme

Binance Joins in

Binance, another leading exchange, also announced the launch of NEIROETHUSDT, offering up to 75x leverage. However, Binance has not announced spot trading for NEIRO. This will make this future contract the first opportunity for the investors to engage with the meme coin on this platform.

This development suggests that if mememcoins do well, these exchanges could also list more memecoins for future tradings and can expand their offerings. Additionally, DeFi protocols could also be integrated, further expanding the horizons.

Launch of these meme coin futures contracts demonstrates the growing popularity of the meme coins and also the increase in the visibility of meme coin derivatives in the crypto world.

Also Read: Neiro Price Surge 55% as Whale Invests $297K; Next Dogecoin?