Binance Futures has announced the SONICUSDT perpetual contract, where users can trade SONIC with 75x leverage. According to market data, SONIC has seen a remarkable 70% price increase in the last 24 hours following this listing. In parallel, Binance Margin announced that some margin trading pairs will be delisted. Cross margin pairs (LIT/BTC, NULS/BTC, SFP/BTC) and isolated margin pairs (BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, SFP/BTC) will be delisted as of January 16, 2025, at 09:00 (UTC). Here are the details…
Binance Futures Lists SONIC Coin: Huge Price Surge
Binance Futures launched the SONICUSDT perpetual contract with 75x leverage on January 8, 2025 at 10:00 UTC to enhance user experience and expand trading options. This listing marks a significant step for Sonic SVM (SONIC), the first chain extension on Solana. The contract features include USDT payout, 0.0001 tick size, 2.00% / -2.00% funding rate, funding fee payout every four hours, and 24/7 tradability. Binance noted that it may change the contract features from time to time depending on market conditions.
With this listing, SONIC’s price has experienced a significant increase. According to market data, SONIC has gained 70% in value in the last 24 hours. As we reported at Kriptokoin.com, Sonic announced that it has launched the highly anticipated $SONIC Token Generation Event (TGE) along with its mainnet expansion. This event marked the launch of Sonic SVM’s native token, $SONIC, and is considered a revolutionary step for the platform. Later, $SONIC was listed on major exchanges such as OKX, MEXC, and KuCoin. It also began trading on Solana’s decentralized exchanges such as Raydium and Meteora. The SONIC token is traded as an SPL token on the Solana blockchain and aims to provide users with liquidity and trading options.
Important Announcement from Binance Margin
On the other hand, Binance Margin announced that it will delist some margin trading pairs starting from 09:00 GMT on January 16, 2025. The dates and details of the trading pairs to be removed from the list are as follows:
Cross Margin Pairs: LIT/BTC, NULS/BTC, SFP/BTC
Isolated Margin Pairs: BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, SFP/BTC
Starting from 09:00 CET on January 9, 2025, Binance Margin will close users’ positions and then automatically pay them out on January 16, 2025. Additionally, all pending orders on the specified cross and isolated margin pairs will be canceled. These trading pairs will then be removed from the Binance Margin platform.
In conclusion, SONIC’s successful listing on Binance Futures and the changes to margin trading pairs present significant opportunities and changes to note for traders.