Binance Futures has announced the launch of a new perpetual contract to expand trading options and enhance user experience.
Binance Futures Introduces SONICUSDT Perpetual Contract with Up to 75x Leverage
The SONICUSDT Perpetual Contract with up to 75x leverage will go live on January 8, 2025 at 10:00 AM.
Key Features of SONICUSDT Perpetual Contract
Trading Pair: SONICUSDT
Leverage: up to 75x
Contract Address: SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES (for verification)
Funding Rate: The maximum funding rate at launch is set at +2.00% / -2.00%.
Funding Fee Settlement Frequency: Every four hours.
Adjustable Contract Features
Binance retains the flexibility to adjust the parameters of the contract according to market risk conditions.
Using the Multi-Asset Mode, traders can leverage multiple margin assets to trade the SONICUSDT perpetual contract. For example, BTC can be used as margin, subject to applicable deductions, offering greater flexibility in managing trading positions.
The launch of SONICUSDT reflects Binance's commitment to expanding its futures offerings and providing a more dynamic trading environment for users.
As with all trading activities, Binance encourages users to exercise due diligence and trade responsibly.
For more details and updates on contract features, traders can refer to Binance's official announcements.
*This is not investment advice.
