#Binance launches Sonic#

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Overview

Binance will list Sonic (S) on January 16, 2025, and will offer a variety of products and services, including Simple Earn, Auto-Invest, Margin Trading, Futures Trading, etc. Users can purchase Sonic with VISA, MasterCard, Google Pay and Apple Pay, and can trade with their wallet balances within one hour after the spot listing. Binance will also list the S/USDT and S/USDC trading pairs and offer USDⓈ-M perpetual contracts for Sonic with a maximum leverage of 75x. In addition, flexible and locked products for Sonic will be launched at 16:00 on January 16th, with locking periods of 30 days, 60 days and 120 days, and an annualized return of up to 3%.

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Analysis

Binance will launch Sonic (S) on January 16, 2025, and offer a variety of products and services. This includes flexible and fixed products for simple earning, automatic investment support for S purchases, S added as a borrowable asset in margin trading, launching the S/USDT and S/USDC trading pairs, and Binance Futures launching SUSDT perpetual contracts with up to 75x leverage. Additionally, Binance Savings, One-Click Buy, Spot Trading, Leveraged, DCA platform, and Binance Futures will also list Sonic. Users can purchase Sonic via VISA, MasterCard, Google Pay, and Apple Pay, and trade with their wallet balances one hour after the spot launch. Sonic will be added to Cross and Isolated Margin lending assets at 19:00 on January 16, and support S/USDT and S/USDC trading pairs. VIP 7-9 users can borrow 30 minutes earlier. Binance Futures will launch Sonic's USDⓈ-M perpetual contract at 18:00 on January 16, with a maximum leverage of 75x and support for multi-asset mode.

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Binance will provide Sonic with comprehensive trading and investment services, including spot trading, futures trading, leverage trading, wealth management products, and regular investment.

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Sonic will support multiple payment methods, including VISA, MasterCard, Google Pay and Apple Pay.

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Sonic will offer flexible lock-up products with an annualized return of up to 3%.

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Binance will provide Sonic with multiple lending services, including Cross and Isolated Margin lending.

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