Binance Futures to Launch INITUSDT Perpetual Contract Pre-Trading With 5x Leverage on April 16

Binance Futures has announced the launch of pre-trading for the INITUSDT perpetual contract, offering up to 5x leverage starting April 16, 2025, at 14:30 (UTC+8). The initiative aims to expand trading options and improve user experience on Binance's futures platform.What Is INIT (Initia)?Initia is a next-gen blockchain protocol focused on solving critical infrastructure challenges, including data availability, oracle design, and interoperability. It empowers developers with informed decision-making tools for modular blockchain infrastructure.NITUSDT Perpetual Contract Details:Contract NameINITUSDTLaunch TimeApril 16, 2025, 14:30 (UTC+8)Underlying AssetINIT (Initia)Settlement AssetUSDTMax Leverage5xMinimum Tick Size0.0001Funding Rate Cap+2.00% / -2.00%Funding IntervalEvery 4 hoursTrading Hours24/7Multi-Asset ModeSupported (BTC, USDT, etc.)Mark Price Methodology:During pre-trading, mark price = average price over last 10 seconds.If trades < 21 in the last 10 seconds, mark price = average of last 100 prices.Once stable spot price is available, the contract will transition to standard, using:Mark Price = Median (Price 1, Price 2, Contract Price)Leverage & Margin Tiers:Nominal Value (USDT)LeverageMaintenance Margin0 – 5,0005x10.00%5,001 – 10,0004x12.50%10,001 – 30,0003x16.70%30,001 – 80,0002x25.00%80,001 – 200,0001x50.00%