Binance has announced the upcoming listing of Obol (OBOL) on both its Alpha Market and Futures platform, with trading set to begin on May 7. The move marks Binance as the first platform to support both Alpha and derivatives trading for the token.
According to the official announcement, spot trading for OBOL on Binance Alpha will open at 10:00 UTC on May 7, followed by the launch of the OBOLUSDT Perpetual Contract at 10:30 UTC the same day. The futures contract will support up to 50x leverage and will be settled in USDT.
Key Details: OBOL Spot and Futures Launch
Token: Obol (OBOL)
Spot Trading Launch (Alpha): May 7, 2025, 10:00 UTC
Futures Contract Launch: OBOLUSDT at 10:30 UTC
Maximum Leverage: 50x
Funding Rate Cap: ±2.00%
Funding Fee Frequency: Every four hours
Supported Trading Mode: Multi-Assets Mode
Underlying Project: Distributed staking infrastructure with a focus on secure validator performance using the Obol Stack
Binance noted that to avoid Ethereum network congestion, users are encouraged to place Limit Orders on Binance Alpha.
OBOL Airdrop for Alpha Traders
In celebration of the launch, Binance will airdrop OBOL tokens to users who meet a specified Alpha Points threshold, which will be announced on May 7. Eligible users will receive their tokens within 20 minutes after trading opens.
Futures Trading Overview
The OBOLUSDT Perpetual Contract will be available for 24/7 trading and will support Binance’s Futures Copy Trading feature within 24 hours of its launch. The contract will also be compatible with Binance’s Multi-Assets Mode, allowing users to collateralize trades with other assets such as BTC.
