Binance has announced the listing of Rocket Pool (RPL) in the Innovation Zone and will begin trading for these spot trading pairs on January 18 at 8:00 UTC. Binance’s new spot trading pairs are RPL/BTC, RPL/BUSD and RPL/USDT. All interested users can start depositing Rocket Pool in preparation for trading, but Rocket Pool withdrawal will begin on January 19 at 8:00 UTC.
The good news for all interested traders is that Binance does not charge Binance (BNB) as a Rocket Pool (RPL) listing fee.
What is rocket pool?
Founded in 2016 by David Rugendyke, Rocket pool is a decentralized Ethereum (ETH) liquid-staking derivatives provider that aims to redirect Ethereum (ETH) from a proof-of-work to a proof-of-stake consensus mechanism.
It pairs with the smart node operator along with the stakers to pool ETH for staking and gets rETH to maintain liquidity and control the stacked tokens. This decentralized Ethereum staking pool offers up to 4.33% APR for ETH2 Staking.
RPL is the utility and governance token needed to become a node operator.
Today, RPL is trading at $41.17, up more than 27.77% in the last 24 hours. In addition, Rocket Pool has a market cap of $423,178,581 USD.
Binance is launching a new range of dual investment products
Binance also launched its new batch of dual investment products with updated target prices and settlement dates. This allows users to leverage Binance’s Sell High and Buy Low products.
The subscription to Dual Investment starts today at 10:00 UTC. The subscription format is based on a first come, first served basis.
The Binance Dual Investment process allows users to access Buy Low and Sell High products at the selected price on scheduled dates in the future.
The target users for Sell High products are those who want to collect high rewards for the cryptocurrency holding company. On the other hand, target users for Buy Low are those who are willing to collect high rewards on stablecoin holdings.
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