Binance announced today that it will list Rocket Pool in the Innovation Zone and will start trading these spot trading pairs on January 18th at 8:00 UTC.
Binance’s new spot trading pairs are RPL/BTC, RPL/BUSD and RPL/USDT. All interested users can start making Rocket Pool deposits in preparation for trading now, while Rocket Pool withdrawals will begin on January 19th at 8:00 UTC.
The good news for all interested traders is that Binance no longer charges Binance (BNB) as a listing fee for Rocket Pool (RPL).
What is Rocket Pool?
Founded by David Rugendyke in 2016, Rocket pool is a decentralized Ethereum (ETH) liquid staking derivatives provider aimed at pivoting Ethereum (ETH) from a proof-of-work to a proof-of-stake consensus mechanism.
Pair smart node operators and stakers to pool ETH for staking, acquire rETH to maintain liquidity, and control staked tokens. This decentralized Ethereum staking pool offers up to 4.33% APR on ETH2 staking.
RPL is a utility and governance token required to become a node operator.
Today, the RPL is trading at $41.17, up more than 27.77% over the past 24 hours. Accordingly, Rocket Pool has a market capitalization of US$423,178,581.
Binance Launches New Batch of Dual Investment Products
Binance has also launched a new batch of dual investment products with updated target prices and settlement dates. This allows users to take advantage of Binance’s ‘sell high’ and ‘buy low’ products.
Dual Investment subscriptions start today at 10:00 UTC. Subscriptions are on a first-come, first-served basis.
Binance’s dual-investment process allows users to access products to buy low and sell high at their chosen price on a future scheduled date.
The target users of cell high products are those who want to accumulate high rewards by holding virtual currency. Buy Low, on the other hand, targets users who want to accumulate higher rewards by holding stablecoins.
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.