Binance Futures has launched the SOONUSDT perpetual contract with up to 50x leverage, providing expanded trading options.
The underlying asset, SOON (SOON), is designed to offer Solana's high-speed trading experience across ecosystems via its SVM-based rollup infrastructure.
The contract will be settled in USDT, operate 24/7, and support Binance's Multi-Assets Mode for margin flexibility with a capped funding rate of ±2.00%.
Key details include funding fees settled every four hours and finalization of tick size and trading parameters 15 minutes before the launch.