On September 9, 2024, Binance Futures will launch a new trading option: the RPL/USDT perpetual contract. 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.
Contract Details
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. 
Market Reaction
Interestingly, the announcement coincided with Rocket Pool’s social media silence since December 19, 2023. Despite this, RPL’s price surged by 30% following the news, stabilizing at a 26% gain.
Binance Multi-Asset Mode
Binance Futures’ Multi-Asset 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.
The introduction of the RPL/USDT perpetual contract on Binance Futures provides traders with added opportunities for trading and risk management, with the flexibility of the multi-asset mode and support for various cryptocurrencies.
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