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Binance Announces Rocket Pool Futures Listing
Rocket Pool, a decentralized Ethereum liquid staking pool, has caught the attention of crypto market traders and investors after its native token RPL price skyrocketed nearly 30%. The token’s price surge is attributed to an important listing update by crypto exchange Binance, which has listed the token on its platform.
RPL Price Soars 30%
At press time, RPL price jumped over 30% in the past 24 hours and is currently trading at $12.08. The token’s intraday low and high were $9.18 and $12.53, respectively. RPL’s 24-hour trading volume surged by a whopping 503.75% to $21.51 million today. This price upswing primarily aligns with Binance futures listing announcement on the token, driving investor curiosity.
Binance Futures Listing
In an official Binance announcement dated September 9, the crypto exchange revealed that it is launching the RPLUSDT USD-Margined perpetual contract today at 12:30 UTC. Users on the platform can enjoy up to 75x leverage trading the asset. The underlying asset remains the Ethereum liquid staking protocol Rocket Pool. Further, the capped funding rate was set at +2.00% / -2.00%. Additionally, the exchange revealed in its announcement that it will support Multi-Assets mode for the asset.
RPL’s Future Price Movement
However, "Binance may adjust the specifications of the aforementioned Futures contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements," the exchange added. This announcement by the top crypto exchange appears to have sparked a tidal wave of optimism for Rocket Pool’s native token, as its price soared a whopping 30%.
Conclusion
In conclusion, the listing of Rocket Pool’s native token RPL on Binance has sent shockwaves through the crypto market, with the token’s price surging over 30% in the past 24 hours. The token’s trading volume has also seen a significant surge, with investors showing increased interest in the token. As the crypto market continues to evolve, it will be interesting to see how Rocket Pool’s native token performs in the coming days and weeks.
FAQs
Q: What is Rocket Pool?
A: Rocket Pool is a decentralized Ethereum liquid staking pool.
Q: What is the current price of RPL?
A: At press time, RPL is trading at $12.08.
Q: What is the 24-hour trading volume of RPL?
A: RPL’s 24-hour trading volume has surged by 503.75% to $21.51 million today.
Q: What is the maximum leverage available for trading RPL on Binance?
A: Users on Binance can enjoy up to 75x leverage trading the asset.
Q: What is the capped funding rate for RPL on Binance?
A: The capped funding rate is set at +2.00% / -2.00%.
Q: Will Binance support Multi-Assets mode for RPL?
A: Yes, Binance will support Multi-Assets mode for the asset.
