As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find this development on Binance Futures particularly intriguing. The introduction of the RPL/USDT Perpetual Contract presents an exciting opportunity for traders, especially with the high leverage of up to 75x.
Beginning on September 9, 2024, at 12:30 UTC, Binance Futures is introducing a fresh trading opportunity: the Rocket Pool/Tether Perpetual Contract. This allows traders to utilize up to 75 times leverage when trading Rocket Pool (RPL) versus Tether (USDT). The contract will be accessible around the clock, enhancing the flexibility of your trades.
This contract offers a tick size of 0.01, along with a funding rate that can’t exceed +2.00% or -2.00%. The fees are accumulated and settled every four hours. This configuration expands trading possibilities and improves risk control in transactions.
It’s worth noting that the announcement occurred on the same day as Rocket Pool’s absence from social media since December 19, 2023. Surprisingly, the price of RPL soared by 30% after this news, and it eventually settled at a 26% increase.
On Binance Futures, the Multi-Asset Margin Trading mode provides traders with the opportunity to utilize multiple cryptocurrencies, such as Bitcoin (BTC), as collateral for their trades, thereby expanding their options for trade management. Binance may modify the contract details according to market fluctuations, thus ensuring that it stays adaptable and reactive.
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2024-09-09 19:16