Binance announced that it has listed a new altcoin on its Perptual Futures platform! Here are the details.

Binance continues to expand its derivative offerings with a new listing announcement on the futures platform.

Binance Futures to Launch SOONUSDT Perpetual Contract with Leverage up to 50x

The exchange will launch the USDⓈ margin SOONUSDT perpetual contract on May 23, 2025, at 11:30, and will provide investors with access to leverage of up to 50 times on the newly listed pair.

The SOONUSDT contract will join the list of perpetual contracts on Binance Futures aimed at providing users with more diverse trading opportunities and enhanced flexibility.

According to the official announcement, tick size specifications will be disclosed 15 minutes before the contract is launched, and users will be encouraged to refer to Binance's official channels for the most up-to-date information.

Binance has confirmed that the SOONUSDT perpetual contract will also be available for Futures Copy Trading within 24 hours after its launch.

This will allow users to reflect the strategies of the best-performing investors and take advantage of the same volatility-focused opportunities.

The initial funding rate for the SOONUSDT contract is capped at +2.00% / -2.00%, and reconciliations occur every four hours, which is a standard schedule for most Binance perpetual contracts.

Investors are advised to be cautious when using high leverage and to educate themselves about the mechanics of the funding rate and the associated risks. Binance also emphasized the importance of reviewing contract specifications and managing positions responsibly.

Users can visit Binance's official FAQ page regarding Futures Copy Trading for more information and follow the platform's announcements page for live updates.