Binance has announced the launch of a new XPLUSDT perpetual contract on Binance Futures, offering traders up to 5x leverage starting August 22nd, 2025. This innovative offering utilizes Plasma (XPL), a blockchain platform designed for fast and low-cost stablecoin transactions, as its underlying asset. The total supply of XPL is capped at 10 billion tokens, without any maximum supply limit, and settlement will be done via USDT. The mark price during the pre-market trading period will utilize an average across the last 10 seconds of traded prices, updated every second. If fewer than 21 transactions are available within this interval, a base average calculation will use the previous 20 transactions. Once pre-market trading is complete, funding rates transition to +2.00% to -2.00%. Every four hours, these fees will be settled. The XPLUSDT contract will remain unaffected during the shift from pre-market to standard perpetual futures, with open orders and positions not being canceled. Binance retains the right to adjust contract specifications, including funding fees, tick size, and leverage, based on market conditions. The Multi-Assets Mode allows users to trade across multiple margin assets.