Quick Takeaways:
- Binance will list NIGHT/USDT perpetual futures on December 10, 2025.
- The product offers up to 50x leverage for advanced derivatives traders.
- NIGHT enters mainstream futures markets as the Midnight network expands.
Binance Expands Its Futures Lineup Again
Binance is adding another derivatives product to its rapidly growing catalogue. This time, the exchange will list the NIGHT/USDT perpetual futures contract, offering traders leveraged exposure to the Midnight network’s native token.
The launch highlights Binance’s strategy of introducing advanced products for emerging blockchain ecosystems before they enter mainstream adoption.
What the NIGHT Futures Contract Offers Traders
Trading of NIGHT/USDT perpetual futures commences on December 10, 2025. Different from spot trading, this instrument enables users to take short positions on the token without owning it physically.
The contract offers leverage p, to 50, attracting high-frequency traders, market makers, and hedge funds aiming for intense exposure.
NIGHT powers the Midnight blockchain, a privacy-focused Layer-1 backed by Cardano founder Charles Hoskinson. The chain emphasizes confidential data computation, making the token central to governance, staking, and developer interactions.
Listing NIGHT futures early gives the ecosystem visibility across global derivatives markets.
High Leverage Designed for Experienced Market Participants
Binance notes that the contract is designed for users due to its high maximum leverage. Although leverage can increase gains, it also increases the risk of liquidation, necessitating effective risk control.
The futures contract will be settled in USDT. Offers multi-asset margin, allowing traders to hold positions with various collateral choices.
Funding rates will update every four hours, with Binance applying a ±2% cap to prevent extreme funding swings during volatile periods. The exchange also published the associated smart contract address, offering transparency for analysts tracking liquidity and token flows.
Strategic Expansion in a Competitive Futures Landscape
Binance continues to broaden its derivatives market to capture trader interest beyond top crypto assets. NIGHT fits this trend as a developing ecosystem token supported by a well-known founder, but still early on its adoption curve.
By listing NIGHT futures ahead of other global exchanges, Binance positions itself as the liquidity gateway for traders seeking exposure to new blockchain networks.
The launch may boost Midnight’s visibility, although it could introduce heightened volatility as leveraged trading ramps up.
Whether NIGHT secures long-term market traction remains to be seen, but Binance’s move signals confidence that the Midnight ecosystem may attract deeper institutional and retail interest in the coming months.