Binance to Launch Obol (OBOL) on Binance Alpha and Futures Trading With 50x Leverage

Binance has announced the upcoming listing of Obol (OBOL) on both its Alpha Market and Futures platform, with trading set to begin on May 7. The move marks Binance as the first platform to support both Alpha and derivatives trading for the token.According to the official announcement, spot trading for OBOL on Binance Alpha will open at 10:00 UTC on May 7, followed by the launch of the OBOLUSDT Perpetual Contract at 10:30 UTC the same day. The futures contract will support up to 50x leverage and will be settled in USDT.Key Details: OBOL Spot and Futures LaunchToken: Obol (OBOL)Spot Trading Launch (Alpha): May 7, 2025, 10:00 UTCFutures Contract Launch: OBOLUSDT at 10:30 UTCMaximum Leverage: 50xFunding Rate Cap: ±2.00%Funding Fee Frequency: Every four hoursSupported Trading Mode: Multi-Assets ModeUnderlying Project: Distributed staking infrastructure with a focus on secure validator performance using the Obol StackBinance noted that to avoid Ethereum network congestion, users are encouraged to place Limit Orders on Binance Alpha.OBOL Airdrop for Alpha TradersIn celebration of the launch, Binance will airdrop OBOL tokens to users who meet a specified Alpha Points threshold, which will be announced on May 7. Eligible users will receive their tokens within 20 minutes after trading opens.Futures Trading OverviewThe OBOLUSDT Perpetual Contract will be available for 24/7 trading and will support Binance’s Futures Copy Trading feature within 24 hours of its launch. The contract will also be compatible with Binance’s Multi-Assets Mode, allowing users to collateralize trades with other assets such as BTC.