Binance Futures has introduced a new perpetual contract for SONICUSDT, enabling users to trade the token with up to 75x leverage. The listing, launched on January 8, 2025, at 07:00 UTC, marks a significant milestone for Sonic SVM (SONIC), a project focused on games and decentralized applications built on Solana’s blockchain. Market data indicates that SONIC experienced a staggering 70% price increase within 24 hours of the announcement.
The perpetual contract offers several features, including:
- USDT-settled payments.
- 0.0001 tick size.
- +2.00% / -2.00% funding rate cap.
- Funding fee payments every four hours.
- 24/7 trading availability.
Binance has noted that contract specifications may be adjusted based on market conditions. This development comes alongside Sonic’s Token Generation Event (TGE) for the $SONIC token, marking a major evolution for the platform. Following its TGE, $SONIC was listed on major exchanges like OKX, MEXC, and KuCoin, as well as decentralized platforms such as Raydium and Meteora on Solana.
Margin Trading Adjustments: Delisted Pairs
In parallel, Binance Margin announced the delisting of several margin trading pairs, effective January 16, 2025, at 06:00 UTC. These include:
Cross Margin Pairs:
- LIT/BTC
- NULS/BTC
- SFP/BTC
Isolated Margin Pairs:
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- BEL/BTC
- LIT/BTC
- LSK/BTC
- NULS/BTC
- SFP/BTC
From January 9, 2025, at 06:00 UTC, trading for the affected isolated margin pairs will be suspended. On January 16, 2025, at 06:00 UTC, open positions in these pairs will be closed automatically, and all pending orders will be canceled.
Spot Market Changes
Additionally, Binance will delist the following spot trading pairs on January 11, 2025:
- AXL/FDUSD
- C98/BTC
- ENJ/ETH
These changes reflect Binance’s ongoing efforts to optimize its trading platform and provide users with better services.
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