Binance Launches XPLUSDT Perpetual Contract Pre-Trading

According to news from HashLink, Binance has announced that its contract platform has launched pre-trading for the XPLUSDT (Plasma) perpetual contract. This contract supports a maximum leverage of 5 times and multi-asset mode. The funding rate for the pre-trading period is set at 0.005% every 4 hours, and after the pre-trading ends, the funding rate can fluctuate by ±2%. The XPLUSDT contract is settled in USDT, and Plasma is an EVM-compatible Layer 1 blockchain focused on global stablecoin payments.