Binance Futures has launched SONICUSDT perpetual contracts, marking a significant addition to its derivatives offerings. Starting on January 8, 2025, at 15:00 (GMT+8), traders will be able to access these contracts with leverage of up to 75x. The contracts, which settle every four hours in USDT, come with capped funding rates of ±2.00%, providing users with a new option for trading Sonic SVM within Binance’s Futures market.
This new contract launch aligns with the ongoing migration from Fantom (FTM) to Sonic (S) tokens. Binance has confirmed that all FTM trading pairs will be delisted on January 13, 2025, and FTM holders will be given the opportunity to convert their tokens to Sonic (S) tokens on a 1:1 basis. This migration process is designed to be automatic, without requiring manual intervention.
On January 16, 2025, Binance will officially open trading for the new Sonic tokens, introducing new trading pairs such as S/USDT, S/BTC, and S/BNB.
The SONICUSDT perpetual contracts are designed for continuous trading with no expiration date, offering enhanced flexibility for traders. The contracts also integrate with Binance’s multi-asset margin model, enabling users to meet margin requirements with assets beyond USDT, such as Bitcoin.
While the SONICUSDT perpetual contracts are available on Binance Futures, the listing of the SONIC token on Binance Spot is not guaranteed. Traders should note that perpetual futures differ from spot trading, with unique parameters such as funding rates, leverage, and margin requirements subject to change based on market conditions.
As FTM transitions to Sonic, Binance encourages users to explore the new ecosystem, which includes opportunities for developer incentives and governance participation. The move reflects Binance’s commitment to supporting evolving blockchain projects and providing a broad range of trading options for its users.
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