Binance Launches XPLUSDT Perpetual Contract with Up to 5x Leverage
Bitget introduces the XPLUSDT pre-market futures trading, offering up to 5x leverage and continuous 24/7 trading, further expanding its crypto derivatives offerings.
USDT
Fact Check
The statement is strongly confirmed by multiple pieces of evidence, including official announcements from Binance's website and its verified X (Twitter) account. These primary sources explicitly state that Binance Futures will launch an XPLUSDT perpetual contract with up to 5x leverage. The information is also corroborated by several secondary crypto news outlets.
Summary
Bitget has launched XPLUSDT for pre-market futures trading with a maximum leverage of 5x on August 26, 2025. The new trading pair, XPL/USDT, will have a tick size of 0.0001 and a funding fee settlement every four hours. Bitget will offer 24/7 trading and may adjust parameters such as tick size and leverage based on market risk conditions.
Terms & Concepts
- XPLUSDT: A futures trading pair on Bitget, where the underlying asset is XPL and the settlement asset is USDT, offering up to 5x leverage.
- Tick Size: The minimum price increment for a trading instrument, which in the case of XPLUSDT is 0.0001.
- Funding Fee Settlement: A periodic fee settled every four hours, applicable in futures trading to account for the price discrepancy between the futures contract and the underlying asset.