Binance to Launch Sophon (SOPH) Trading and SOPHUSDT Perpetual Contracts

Binance has announced that it will open trading for Sophon (SOPH) on its Binance Alpha platform starting May 28, 2025, at 13:00 UTC. This marks the first time Sophon will be available for trading on any platform. Additionally, Binance Futures will launch the SOPHUSDT Perpetual Contract with up to 50x leverage at 13:30 UTC on the same day.

The SOPHUSDT Perpetual Contract will feature a maximum funding rate of +2.00% / -2.00% and a funding fee settlement frequency of every four hours. The contract will support 24/7 trading and will be available in Multi-Assets Mode, allowing users to trade across multiple margin assets. More details about the contract specifications, including tick size, will be confirmed shortly before the launch.

In conjunction with the launch, Binance is offering an exclusive token airdrop for eligible users. Participants can claim their airdrop using Binance Alpha Points on the Binance Alpha Events Page between May 28, 2025, 13:00 UTC and May 29, 2025, 13:00 UTC. Further information on claiming the airdrop can be accessed via the Binance App.

Binance has emphasized that the trading of Sophon (SOPH) on Binance Alpha does not imply a future listing on the Binance Exchange. The platform has also highlighted the inherent risks associated with trading Alpha Assets, including increased price volatility and potential losses.

For more information on the SOPHUSDT Perpetual Contract and related trading rules, users are encouraged to refer to the official announcement here.

Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.