Binance Futures Adds SOM/USDT 5× Leverage Perpetual Contract
Binance Futures has launched a new SOM/USDT perpetual contract with up to 5× leverage, effective August 25 at 17:30 UTC+8. This addition expands Binance Futures’ derivatives lineup, offering traders a regulated platform for SOM perpetual trading. Users should review the contract specifications, margin requirements and funding rate details to optimize position sizing and manage risk. The SOM/USDT perpetual contract launch enhances liquidity for the SOM token and broadens leverage trading options on Binance Futures. By providing a standardized perpetual contract, Binance Futures aims to meet institutional trading standards and attract sophisticated traders. Market participants are advised to consult updated guidelines on margin thresholds and funding intervals before opening positions.
Bullish
The launch of the SOM/USDT perpetual contract on Binance Futures is likely to be bullish. Similar to previous token listings and contract launches, this move typically increases liquidity and trading volume for the underlying asset. In the short term, traders may engage in leverage trading, driving up demand for SOM and boosting price volatility. Over the long term, the addition of a regulated perpetual contract enhances market infrastructure, attracts institutional participants and supports sustained market depth for SOM. As a result, this development should have a net positive effect on both trading activity and token valuation.