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Binance Futures Launches Rocket Pool RPL with 75x Leverage

By The Crypto Times
10 days ago
$RCT RPL ROCKET MODE
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Binance Futures is adding a new trading option: the RPL/USDT Perpetual Contract. Starting September 9, 2024, at 12:30 UTC, traders can leverage up to 75x with Rocket Pool (RPL) against Tether (USDT). This new contract will be available 24/7, providing more trading flexibility.

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Source: Twitter

The contract features a tick size of 0.01 and a funding rate capped at +2.00% / -2.00%, with fees settled every four hours. This setup enhances trading opportunities and risk management. 

Interestingly, the announcement coincided with Rocket Pool’s social media silence since 19 December 2023. Despite this, RPL’s price surged by 30% following the news, stabilizing at a 26% gain.

Binance Futures’ Multi-Assets Mode allows traders to use various cryptocurrencies, like BTC, as a margin, offering more ways to manage trades. Binance may adjust the contract’s specifics based on market conditions, ensuring it remains flexible and responsive.

Also Read: Binance Launches NEIRO Perpetual Contract with 75x on Futures

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