KEY TAKEAWAYS
- Binance will launch trading for Obol (OBOL) on its Alpha platform and introduce the OBOLUSDT Perpetual Contract with up to 50x leverage on May 7, 2025.
- Users are encouraged to use Limit Orders on Binance Alpha to avoid Ethereum network congestion and may receive an OBOL airdrop if they meet the Alpha Points threshold.
- The OBOLUSDT Perpetual Contract will feature a capped funding rate and support Multi-Assets Mode, allowing trading with various margin assets like BTC.
- Binance clarifies that futures and spot token listings are independent, and reserves the right to amend announcements without notice.
Binance has announced the upcoming launch of trading for Obol (OBOL) on its Binance Alpha platform, set to begin on May 7, 2025, at 10:00 UTC. Additionally, Binance Futures will introduce the OBOLUSDT Perpetual Contract with leverage options of up to 50x, starting at 10:30 UTC on the same day.
As the first platform to support Obol’s listing on both Alpha and Futures trading, Binance recommends users place Limit Orders on Binance Alpha to avoid potential Ethereum network congestion. In celebration of this launch, users who meet the Binance Alpha Points threshold will receive an OBOL airdrop within 20 minutes after trading commences. The specific threshold will be announced on the launch date.
Details of the OBOLUSDT Perpetual Contract
The OBOLUSDT Perpetual Contract will be available under the USDⓈ-M Perpetual Contract category. The contract will use USDT as the settlement asset and will feature a capped funding rate of +2.00% / -2.00%, with funding fees settled every four hours. The maximum leverage offered is 50x, and trading will be available 24/7.
The Multi-Assets Mode will be supported, allowing users to trade the contract across multiple margin assets, subject to applicable haircuts. For instance, users can use BTC as margin when trading under this mode. Binance has noted that the specifications of the Futures contract, including funding fees and leverage, may be adjusted based on market risk conditions.
Additional Information and Considerations
Binance has emphasized that futures and spot token listings are not correlated, meaning a token listed on Binance Futures does not guarantee a spot listing. The platform also reserves the right to amend or cancel the announcement at any time without prior notice.
For more information, including trading rules and fee structures, users can refer to the original announcement here.
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