Summary
- Binance announced it will list Plasma (XPL) perpetual futures.
- The product offers up to 5x leverage and stated that Tether (USDT) is the settlement asset.
- Plasma is described as an EVM-compatible Layer 1 blockchain with a total issuance of 10 billion.
The global cryptocurrency exchange Binance is listing perpetual futures based on Plasma (Plasma, XPL).
On the 22nd (local time), Binance announced in an official notice, "The Binance Futures platform is launching pre-market trading for XPL perpetual futures on this day." The launch of trading is scheduled for 6:30 PM KST. This product offers up to 5x leverage.
Meanwhile, Plasma is an Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain designed for global large-scale stablecoin payments. The total issuance is set at 10 billion, with no fixed maximum issuance cap. The settlement asset for the contract is Tether (USDT).
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
