Binance Futures Introduces SONICUSDT Perpetual Contract with Up to 75x Leverage
SOL
AERO
HOTDOG
TBA
KAIA
Binance Futures has announced the launch of a new trading product, the SONICUSDT perpetual contract, set to go live on January 8, 2025, at 15:00 (GMT+8).
This latest addition aims to provide traders with enhanced options and flexibility, offering a maximum leverage of 75x.
According to Binance, the new contract will settle in USDT and incorporate a multi-asset margin model. This model enables traders to use assets such as Bitcoin as collateral instead of just USDT. The funding rate for the SONICUSDT contract will be capped at +2.00% and -2.00%, with settlements taking place every four hours. They also highlighted that contract parameters, including leverage, margin requirements, and funding rates, may be adjusted according to market conditions. While this new contract expands the offerings of Binance Futures, the company clarified that introducing a futures contract does not guarantee creating a corresponding spot listing on Binance.
The SONICUSDT contract operates on Sonic SVM, an advanced extension of the Solana blockchain, aimed at innovative applications like gaming and social media platforms. Before participating, traders should understand the U-standard contract trading rules, leverage and margin requirements, and Binance Futures’ terms. Additionally, Binance emphasizes that any translated announcements should be verified against the original English version for accuracy.
Binance Futures has demonstrated its commitment to providing a range of trading options. Recently, they launched USDT perpetual contracts for Aerodrome Finance (AERO) and Kaia (KAIA) tokens on December 4, 2024. The KAIAUSDT contract became available at 14:00 UTC, followed by the AEROUSDT contract at 14:15 UTC. Both contracts allow leverage up to 75x, with financing rates capped at ±2.00% every four hours. Following this announcement, the price of AERO surged by 20% to $1.81, while KAIA increased by 19.38% to $0.363.Aerodrome Finance strengthened its DeFi leadership with a record $1.64 billion total value locked (TVL) on the Base Layer 2 blockchain.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post Binance Futures Introduces SONICUSDT Perpetual Contract with Up to 75x Leverage appeared first on DeFi Planet.
