Binance has made new announcements to provide users with a wide range of trading options and improve their experience.
Binance Futures opens Somiusdt Permanent Futures Contract for Pre-Market Transactions
The company's futures trading platform, Binance Futures, announced that it will open a Somiusdt permanent futures contract for pre-market trading from 11:30am on August 25, 2025. This new product will allow investors to trade with up to five times the leverage.
The underlying asset of the newly listed contract is Somnia (SOMI). Somnia stands out as a high-performance, EVM-compatible Layer-1 blockchain. The total supply of this project, focusing on developing mass market applications, especially for the gaming and entertainment industry, is SOMI of 1 billion.
The contract is secured with USDT and is available for trading 24/7. Multi-asset mode is also supported. Funding rates are fixed at +0.005% during the pre-market trading period, and then the rate fluctuates within the +2.00%/-2.00% range. Funding fees are collected every four hours.
Binance reminded investors that some features of the contract are still under development and advised them to conduct a thorough investigation as crypto investments have high risks.
*This is not investment advice.
