Binance is launching a new perpetual trading contract to expand the variety of products offered on its futures trading platform and enhance the user experience.
Binance Futures Launches NIGHTUSDT Perpetual Trading Contract
The exchange announced it will list the USDⓈ-margined NIGHTUSDT perpetual contract on December 10, 2025, at 2:00 PM. The new product offers investors leverage of up to 50x, providing a significant option, particularly for professional traders seeking high volatility.
The underlying asset of the contract is described as Midnight (NIGHT), the native token of the Midnight Network. The project is defined as a privacy-focused, next-generation L1 (Layer-1) blockchain network developed by Charles Hoskinson, and the NIGHT token plays a central role in both governance and ecosystem usage.
According to the technical specifications announced by Binance, the contract will be collateralized with USDT and the price increment will be set at 0.00001. Funding fees will be collected in four-hour periods, and the funding rate will be capped between +2% and -2%. Trading hours are planned to be 24/7, and multi-asset mode will also be supported.
The contract address for the new agreement has been announced as 0xfe930c2d63aed9b82fc4dbc801920dd2c1a3224f.
Binance states that this list will increase the variety of trading options on the platform, creating a more flexible futures trading environment for both individual and professional investors.