Binance Futures has announced the launch of a new USDⓈ-margined perpetual contract: SOONUSDT, scheduled to go live on May 23, 2025, at 08:30 UTC.
The contract will offer up to 50x leverage, expanding the trading options available on the platform.
The underlying asset, SOON (SOON), is a project designed to deliver Solana’s high-speed trading experience across ecosystems through its SVM-based rollup infrastructure, dubbed the SOON Stack. The contract will be settled in USDT and will operate 24/7, supporting Binance’s Multi-Assets Mode for margin flexibility.
Key details include a capped funding rate of ±2.00%, with funding fees settled every four hours. Tick size and other trading parameters will be finalized 15 minutes before launch.
This new listing continues Binance Futures’ strategy to offer a broad range of leveraged trading products to cater to both institutional and retail traders.
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Source: https://coindoo.com/binance-futures-launches-soonusdt-perpetual-contract-with-up-to-50x-leverage/