Binance has introduced new perpetual trading options called SONICUSDT contracts on its Futures platform. These contracts offer up to 75x leverage and are settled every four hours in USDT. The launch of these contracts coincides with the transition from Fantom (FTM) to Sonic (S) tokens, providing users with a new way to trade Sonic within the Futures market. As part of the transition, all FTM trading pairs will be delisted and a 1:1 token swap will be offered for FTM holders to convert their tokens into S tokens. Trading for the S token will officially begin on January 16, 2025, with new trading pairs available. The SONICUSDT contracts are designed for around-the-clock trading with no expiration date and are compatible with Binance's multi-asset margin model. It is important to note that the availability of SONICUSDT on Binance Futures does not guarantee its listing on Binance Spot. Traders should refer to Binance's official announcements for more details on the contracts and the token transition.



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