Binance Futures to Launch NEWTUSDT Perpetual Contract with Up to 5x Leverage

According to the announcement from Binance, the platform is set to introduce the NEWTUSDT perpetual contract on Binance Futures, commencing pre-market trading on 2025-06-19 at 14:30 (UTC). This new offering aims to broaden the range of trading options available to users and enhance their trading experience. The contract will allow up to 5x leverage, providing traders with increased flexibility in managing their positions. The underlying asset for this contract is Magic Newton (NEWT), which is part of the Newton Protocol. This protocol is designed to create a secure rollup for AI-driven strategies, automated trading, and a marketplace for AI developers. The total supply of NEWT is capped at 1,000,000,000 tokens, with USDT serving as the settlement asset. The mark price during the pre-market trading period will be calculated based on the average of the last 10 seconds of trade prices, updated every second. The funding rate is capped at +2.00% / -2.00%, with settlement occurring every four hours. Binance has outlined that the pre-market perpetual futures contracts will transition to standard perpetual futures contracts once a stable index price can be derived from the spot market. During this transition, the mark price will gradually shift from the pre-market calculation to the standard method, which uses the median of various price points. Trading functions will remain unaffected during this period, and open orders and positions will not be canceled. The leverage and margin tiers are structured to accommodate different notional values, with maintenance margin rates varying according to the position size. Users can also utilize the Multi-Assets Mode to trade across multiple margin assets, subject to applicable haircuts.