Binance Launches 5x Leverage XPLUSDT Perpetual Contract on Futures

Binance is set to introduce the XPLUSDT perpetual contract, offering up to 5x leverage on Binance Futures. This new offering launches pre-market trading on August 22, 2025 at 09:30 UTC and will feature Plasma (XPL) as its underlying asset. XPL is a high-volume, low-cost blockchain designed for stablecoin payments. The total supply of XPL is 10 billion with no maximum supply cap. Settlement for this contract will be in USDT.