Cryptocurrency exchange Binance‘s futures arm, Binance Futures, will launch on September 9, 2024 Rocket Pool‘s RPL announced that it will launch futures. The cryptocurrency exchange’s announcement triggered a sharp rise in RPL.
Futures for Rocket Pool Starts Today at 15:30
Binance Futureshas expanded its list and finally announced that it will launch futures for RPL. Accordingly, USDT margin RPL transactions will be launched today at 15:30 CET with leverage up to 75x. With this new product, Binance Futures targets users looking for more options for investors who want to use leverage in their investments. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Settlement in RPLUSDT perpetual futures contract USDT will be in denominations and will have a tick size of 0.01. The perpetual futures contract, which will support a multi-asset mode, has a capped maximum funding rate of +/- 2 percent, the standard rate. Funding fees will be paid every four hours, allowing traders to manage their positions more frequently and precisely.
Rocket Pool, the underlying asset of the perpetual futures contract, is a decentralized Ethereum exchange offering up to 4.33% APR for staking ETH. $2,325.70 is a stake pool. Users can join the Rocket Pool pool with the decentralized node operator network or run their own nodes with just 16 ETH. In addition, participants can earn a commission income by staking ETH, while providing RPL collateral to earn ETH and additional RPL They can earn additional RPL rewards worth up to 6.36 percent APR on their prizes.
RPL Price Rises Sharply
Binance’s announcement caused sharp movement in RPL. AltcoinThe price of ‘s rose to as high as $12.41 after the exchange’s futures announcement and at the time of writing, it has pulled back somewhat, trading at $12.26, up 30.20 percent in the last 24 hours.
On the other hand, the trading volume increased by three digits along with the price. According to CoinMarketCap data, the altcoin’s trading volume increased by 222.21 percent in the last 24 hours and reached $ 11.46 million.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
