Binance Futures Lists XPLUSDT/USDT Pair with 5x Leverage
Binance Futures has announced the listing of a new perpetual contract trading pair, XPLUSDT/USDT, launching pre-market trading on August 22, 2025 at 12:30 PM UTC. The XPLUSDT perpetual contract is based on Plasma (XPL), an EVM-compatible Layer 1 blockchain focused on high-volume, low-cost stablecoin payments. Traders can access up to 5× leverage with USDT settlements in this contract. During pre-market, the mark price updates every second using a 10-second trade average or fallback to the last 20 transactions, and the funding rate is fixed at +0.005%. Post-launch, funding will fluctuate between +2.00% and -2.00%, with fees every four hours. Available 24/7 in multi-asset mode, this USDT-based contract aims to broaden trading options and support stablecoin payment protocols.
Bullish
Listing a new USDT-settled perpetual contract on Binance Futures expands trading options, potentially increasing liquidity and attracting traders seeking stablecoin-based derivatives. The 5× leverage and 24/7 multi-asset support may drive higher trading volumes, particularly in stablecoin-payment projects like Plasma. Historically, launching popular altcoin contracts on major exchanges tends to boost the token’s market activity and overall platform engagement. Therefore, this news is categorized as bullish, as it may stimulate short-term trading interest and support long-term adoption of the XPL ecosystem and stablecoin derivatives.