Binance Unveils SONIC Futures: Price Surges, Margin Pairs Delisted

4M ago•

bullish:

bearish:

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:

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.