Binance Futures introduced the SONICUSDT perpetual contract, which allows users to trade SONIC with up to 75x leverage. Market data shows that SONIC has experienced a significant price increase of 70 percent in the last 24 hours since listing. In response, Binance Margin announced the delisting of certain margin trading pairs. Cross margin pairs (LIT/BTC, NULS/BTC, SFP/BTC) and isolated margin pairs (BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, SFP/BTC) will be delisted on January 16, 2025, at 09:00 am CET. Here are all the details…
Binance Futures listed the SONIC coin: Price rises
To improve the user experience and expand trading options, Binance Futures launched the SONICUSDT perpetual contract on January 8, 2025 at 10:00 AM PT with up to 75x leverage. This listing is for Sonic SVM (SONIC), the first chain extension on Solana for games, apps and the industry’s first TikTok app layer. Features of the contract include payment in USDT, a tick size of 0.0001, a cap funding rate of +2.00% / -2.00%, a funding fee payment every four hours, and 24/7 trading. Binance stated that it may adjust the contract specifications from time to time depending on market conditions.
SONIC has seen a significant increase in price with this listing. According to market data, SONIC has gained 70 percent in the last 24 hours. As we reported as Kriptokoin.com, yesterday Sonic announced the launch of the highly anticipated $SONIC Token Generation Event (TGE) with the mainnet expansion. The Token Generation Event (TGE) was organized for the launch of $SONIC, the native token of Sonic SVM. This marked a remarkable and revolutionary step in the platform’s evolution. Subsequently, the token was listed on larger exchanges such as OKX, MEXC and KuCoin. Decentralized exchanges such as Solana’s Raydium and Meteora also listed the coin. The SONIC token is an SPL token on the Solana blockchain and aims to provide users with liquidity and trading options.
Delist several margin and spot pairs
On the other hand, Binance Margin announced that it will delist the following margin trading pairs on January 16, 2025 at 09:00 AM PT:
- Cross Margin Pairs: LIT/BTC, NULS/BTC, SFP/BTC
- Isolated Margin Pairs: BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, SFP/BTC
Starting January 9, 2025 at 09:00 AM PT, isolated margin debit transactions on the specified isolated margin pairs will be suspended. At 09:00 on January 16, 2025, Binance Margin will close users’ positions, execute an automatic payout, and cancel all pending orders on the specified cross and isolated margin pairs. These pairs will then be removed from Margin.
In other news, Binance will delist spot trading pairs AXL/FDUSD, C98/BTC, ENJ/ETH. This delist will take place on January 11th.
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