Binance introduces new perpetual trading options while facilitating Fantom swaps to SONIC.
Binance Futures announced SONICUSDT perpetual contracts on Jan. 8, 2025, at 15:00 (GMT+8), offering up to 75x leverage. These contracts will be settled every four hours in USDT, with funding rates capped at ±2.00%. This launch coincides with the ongoing transition from Fantom (FTM) to Sonic (S) tokens, providing users with a new way to trade Sonic SVM within the Futures market.
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As part of the FTM-to-Sonic migration, all FTM trading pairs will be delisted on Jan. 13, 2025. Binance has announced a 1:1 token swap, allowing FTM holders to seamlessly convert their tokens into S tokens.
On Jan. 16, 2025, trading for the S token will officially begin, featuring new pairs such as S/USDT, S/BTC, and S/BNB. Binance has ensured that customers can convert their FTM holdings to Sonic tokens automatically without manual intervention.
SONICUSDT perpetual futures contracts are designed for around-the-clock trading with no expiration date, offering traders significant flexibility. Additionally, these contracts are compatible with Binance’s multi-asset margin model, which allows users to utilize assets other than USDT, such as Bitcoin, to meet margin requirements.
It is important to note that the availability of SONICUSDT on Binance Futures does not guarantee its listing on Binance Spot. Furthermore, perpetual contracts are different from spot trading. Key parameters, including funding rates, leverage, and margin requirements, may be subject to adjustments based on market conditions.
As S tokens replace FTM, users are encouraged to familiarize themselves with the new ecosystem, which introduces features such as an incentive program for developers and governance opportunities. The transition reflects Binance’s ongoing efforts to align with evolving blockchain projects while offering diverse trading options for its users.
For more details on the SONICUSDT perpetual contracts and the FTM-to-Sonic migration, users should refer to Binance’s official announcements to ensure they remain informed about the latest platform updates and requirements.
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