Binance Futures has introduced a new perpetual contract for SONICUSDT, set to launch on January 8, 2025. This move coincides with the transition from Fantom (FTM) to Sonic (S) tokens. The platform is providing up to 75x leverage on these contracts, which will be settled every four hours in USDT. Additionally, Binance is facilitating an automatic 1:1 token swap for FTM holders, ensuring a seamless migration to Sonic tokens. Trading for S tokens will commence on January 16, 2025, with new trading pairs including S/USDT, S/BTC, and S/BNB.

The introduction of SONICUSDT perpetual contracts offers traders continuous trading flexibility without expiration dates. These contracts are compatible with Binance's multi-asset margin model, allowing users to meet margin requirements using assets other than USDT. Furthermore, the transition from FTM to S tokens introduces new features such as developer incentives and governance opportunities, reflecting Binance's commitment to aligning with evolving blockchain projects and offering diverse trading options for its users.

Introducing SONICUSDT Perpetual Contracts

Binance Futures has launched SONICUSDT perpetual contracts, enhancing the trading landscape for cryptocurrency enthusiasts. Available from January 8, 2025, these contracts offer significant leverage and flexibility. Traders can benefit from up to 75x leverage, with settlements occurring every four hours in USDT. Funding rates are capped at ±2.00%, ensuring stability and predictability in trading costs. Importantly, these contracts do not have an expiration date, providing continuous trading opportunities around the clock.

SONICUSDT perpetual contracts are designed to cater to both novice and experienced traders by integrating seamlessly with Binance’s multi-asset margin model. Users can utilize a variety of assets, including Bitcoin, to meet margin requirements, adding versatility to their trading strategies. While these contracts offer substantial benefits, it is crucial to note that they differ from spot trading in terms of funding rates, leverage, and margin requirements. Market conditions may necessitate adjustments to these parameters. Therefore, traders should stay informed about the latest updates and guidelines provided by Binance.

Seamless Transition from Fantom to Sonic Tokens

Binance is facilitating a smooth transition from Fantom (FTM) to Sonic (S) tokens, ensuring minimal disruption for its users. Starting on January 13, 2025, all FTM trading pairs will be delisted. However, FTM holders need not worry, as Binance has implemented an automatic 1:1 token swap, converting FTM holdings into S tokens without any manual intervention. This process aims to provide a hassle-free experience for users navigating the changes in the blockchain ecosystem.

Trading for S tokens will officially begin on January 16, 2025, introducing new trading pairs such as S/USDT, S/BTC, and S/BNB. This shift reflects Binance's dedication to supporting evolving blockchain projects and offering diverse trading options. The transition also brings exciting new features, including an incentive program for developers and enhanced governance opportunities. Users are encouraged to familiarize themselves with the new ecosystem to maximize the benefits of the transition. By staying informed through official Binance announcements, traders can ensure they remain updated on the latest developments and requirements.