Binance has made a new announcement to offer its users a wider range of trading options and improve the experience.
Binance Futures Opens SOMIUSDT Perpetual Futures Contract for Pre-Market Trading
Binance Futures, the company’s futures trading platform, announced that it will open its SOMIUSDT perpetual futures contract for pre-market trading starting at 111:30 a.m. on August 25, 2025. This new product will allow investors to trade with up to 5x leverage.
The underlying asset of the newly listed contract will be Somnia (SOMI). Somnia stands out as a high-performance, EVM-compatible Layer-1 blockchain. Focused on developing mass-market applications, particularly for the gaming and entertainment industry, the project has a total supply of 1 billion SOMI.
The contract will be collateralized with USDT and tradable 24/7. Multi-Asset Mode will also be supported. The funding rate will be fixed at +0.005% during the pre-market trading period, after which rates will fluctuate within a range of +2.00%/-2.00%. Funding fees will be collected every four hours.
Binance reminded investors that some features of the contract are still under development and advised them to conduct thorough research, as crypto investments carry high risks.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/binance-futures-announces-listing-of-new-altcoin-with-5x-leverage-here-are-the-details/