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

According to the announcement from Binance, the platform is set to offer the NEWTUSDT perpetual contract on Binance Futures, starting with pre-market trading on 2025-06-19 at 14:30 (UTC). This new offering aims to expand the trading options available to users and enhance their trading experience. The contract will allow for leverage up to 5x, providing traders with more 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 aggregation of AI-driven strategies, automated trading, and a marketplace for AI developers. The total supply of NEWT is set at 1,000,000,000 tokens, with USDT as the settlement asset. The mark price will be calculated during the pre-market trading period based on the average of the last 10 seconds of trading prices, updated every second. The funding rate is set at +2.00% / -2.00%, with settlement occurring every four hours.

Binance has specified that the pre-market perpetual futures contracts will transition to standard perpetual futures contracts once a stable index price can be derived from the commodities market. During this transitional phase, the mark price will gradually shift from the pre-market calculation to the standard method, which uses the average price points of multiple margin assets.