Binance Announces the Launch of SOMIUSDⓈ-M Perpetual Contract

Binance will launch the SOMIUSDⓈ-M perpetual contract, with trading set to open on 2025-08-25 at 09:30 (UTC), offering up to 5x leverage. Notes: - The funding rate in the pre-trading market is +0.005% every 4 hours, and after the transition, it will be +2.00%/-2.00%. - The maximum leverage is 5x, and the maintenance margin rate increases with larger positions. - The pre-trading market will gradually transition to a standard perpetual contract market, depending on the stability of the spot market index price.