Binance to Launch USD-Backed RPL Perpetual Contract with 75x Leverage
RPL/USDT
$965,901.42
$1.66 / $1.52
Change: $0.1400 (9.21%)
+0.0050%
Longs pay
**Binance Launches USD-Supported RPL Perpetual Contract with 75x Leverage**
In a significant move for the crypto trading community, Binance has announced the launch of a USD-supported perpetual contract for $RPL, offering an impressive leverage of 75x. This development is expected to enhance trading volume and potentially influence the price of RPL positively.
As of now, the price of $RPL stands at $10.8280, making it an attractive option for traders seeking high-risk, high-reward strategies. The introduction of such a high leverage product could draw more market participants, fostering increased activity in the trading of the token.
Analysts note that Binance’s initiative could lead to a substantial uptick in trading actions, which might play a crucial role in driving the price of $RPL higher. Traders are advised to approach this opportunity with caution, keeping in mind the inherent risks associated with leveraged trading.