INIT/USDT Perpetuals Now in Pre-Market – Be First to Trade with 5x Power!
Binance has announced the launch of a new USDⓈ-Margined INITUSDT Perpetual Contract in pre-market trading. This contract allows traders to speculate on the price movements of INIT (Initia) with up to 5x leverage. INIT is an L1 blockchain designed to unite appchains through interwoven infrastructure and aligned economics. 
Key Details:
• Launch Time: April 16, 2025, at 06:30 UTC
• Leverage: Up to 5x
• Settlement Asset: USDT
• Trading Hours: 24/7
• Funding Rate: Capped at +2.00% / -2.00%, settled every four hours
• Multi-Assets Mode: Supported, allowing the use of various assets as margin
Note: The pre-market trading will transition to standard perpetual futures contracts once a stable index price is established from the spot market. During this transition, trading functions remain unaffected, and open orders and positions will not be canceled.