Binance is once again expanding its futures catalog. This time, it's a product tied to a new privacy-focused blockchain native token.
of move This highlights the exchange's strategy of providing traders with access to emerging ecosystems long before they become mainstream.
- Binance will launch NIGHT/USDT perpetual futures contract on December 10, 2025.
- This product offers up to 50x leverage and is targeted at advanced traders.
- The listing will bring Midnight Network's privacy-focused token into the mainstream derivatives market.
Starting December 10, 2025, Binance Futures will begin trading the NIGHT/USDT perpetual contract. Rather than spot exposure, this product allows traders to take long or short positions in tokens without the need to hold them. This is a popular structure among high-frequency traders and hedge funds.
NIGHT is the underlying asset of Midnight, a layer 1 blockchain project associated with Cardano founder Charles Hoskinson. The network positions itself as a secure and privacy-preserving infrastructure layer, with its tokens used for governance, staking, and broader ecosystem functions. Listing NIGHT on Binance Futures gives assets early access to leveraged markets, which often increases visibility, but also creates volatility.
Designed for active traders with a high risk appetite
The new contract allows up to 50x leverage, which is in line with Binance's most aggressive derivatives products. High leverage allows traders to magnify their profits, but it also magnifies their losses. This indicates that this product is aimed at advanced or professional users rather than retail beginners.
Settlement and collateralization will be done in USDT. Binance also specifies minimal price increments, multi-asset margin support, and continuous trading availability, key features needed by day traders and quantitative strategies.
Funding disbursements between long and short positions are made every 4 hours, and Binance applies a funding cap of ±2%. This guardrail prevents capital imbalances from spiraling during periods of illiquidity or directional positioning.
In line with recent efforts calling for clearer futures governance, Binance has published the smart contract addresses associated with the listing. This disclosure makes it easier for on-chain analysts to track liquidity flows, token behavior, and listing credibility. This is a useful tool as more derivative products are launched around new blockchain networks.
Strategic moves in a competitive futures market
The exchange said the listing fits its broader objective of providing exposure beyond the biggest crypto names. Binance has steadily expanded futures access to new chains to keep traders engaged and maintain its liquidity advantage. NIGHT fits this pattern. It is a niche token backed by a well-known founder, but still in the early stages of development.
According to Binance, the expanded availability of futures will allow traders to build hedging, speculation, and portfolio strategies around emerging projects. While it remains to be seen whether MOVE will benefit the Midnight ecosystem, Binance's listing signals confidence that this token and its network have the potential to attract meaningful activity in the coming months.
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