Binance Futures launches SONICUSDT open-ended contract with leverage up to 75x

Binance Futures has announced the launch of a new trading instrument - the SONICUSDT open-ended contract. The new trading product is scheduled to launch on January 8, 2025 at 15:00 (GMT+8).

In addition, traders will be able to trade SONICUSDT open-ended contracts with the maximum possible leverage of x75. This decision is aimed at providing traders with increased opportunities and flexibility.

Binance says that the new contract will be settled in USDT stablecoins and will include a margin model with several other assets. This trading model allows traders to use assets such as Bitcoin, Ethereum, and not just USDT as collateral. The funding rate for the SONICUSDT contract will be capped at +2.00% and -2.00%, and settlement will take place every four hours.

It is important to note that the parameters of the new contract, including leverage, margin requirements and funding rates, can be dynamically adjusted depending on market conditions. Binance Futures has greatly expanded opportunities for traders, but the introduction of the futures contract does not mean that Binance will list the trading pair spot in the near future.

The SONICUSDT contract runs on Sonic SVM, an advanced extension to the Solana blockchain that primarily targets innovative decentralized applications such as P2E projects and social media platforms. Before active trading, traders should familiarize themselves with and accept the U-standard contract trading rules, leverage and margin requirements, and terms and conditions of Binance Futures. The exchange also emphasizes that any translated announcements should be checked against the original English version for accuracy.

Binance Futures continues to demonstrate a focus on providing a range of unique and efficient trading solutions. Most recently, the exchange launched perpetual USDT 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 offer traders leverage up to 75x.

At the same time, funding rates are capped at ±2.00% every four hours. Following the announcement, the price of AERO rose 20% to $1.81, while KAIA rose 19.38% to $0.363. Aerodrome Finance solidified its lead in DeFi with a record total blockchain value (TVL) of $1.64 billion on the Base Layer 2 blockchain.

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