Binance Futures has announced the launch of a new perpetual contract in an effort to improve user experience and diversify trading options.
Binance Futures Introduces SONICUSDT Perpetual Contract with 75x Leverage
The SONICUSDT Perpetual Contract, offering leverage of up to 75x, will begin trading at 10:00 on January 8, 2025.
Key Features of the SONICUSDT Perpetual Contract:
Trading Pair: SONICUSDT
Leverage: up to 75x
Contract Address: SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES (for verification)
Funding Rate: A maximum funding rate of +2.00% / -2.00% was determined at launch.
Funding Fee Settlement Frequency: Every four hours.
Adjustable Contract Features:
Binance reserves the right to flexibly adjust contract parameters based on changes in market conditions. Additionally, traders using the multi-asset mode can leverage multiple margin assets when trading the SONICUSDT perpetual contract. For example, BTC can be used as margin, subject to applicable deductions, providing greater flexibility in managing trading positions.
The introduction of SONICUSDT demonstrates Binance’s intent to expand its futures services and its commitment to creating a more dynamic trading experience for users.
Binance encourages all users to trade responsibly and warns traders to always exercise due diligence.
For details and updates regarding the contract, investors can refer to Binance's official announcements.