Binance Futures has announced the launch of a new perpetual contract to offer more trading options and enhance user experience.
Details of the New Contract
The SONICUSDT Perpetual Contract with leverage up to 75x will go live on January 8, 2025, at 10:00 AM. Key features include: trading pair SONICUSDT, maximum leverage of 75x, contract address for verification: SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES. The initial maximum funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours.
Adjustable Contract Features
Binance retains the flexibility to adjust contract parameters according to market risk conditions. Using Multi-Asset Mode, traders can leverage multiple margin assets to trade the SONICUSDT perpetual contract. For example, BTC can be used as margin, offering greater flexibility in managing trading positions.
Strategy and Recommendations for Traders
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.
With the launch of the SONICUSDT contract, Binance aims to solidify its position in the futures market by offering users enhanced trading options and interfaces.
