KuCoin Will Add SONIC SVM (SONIC) on Margin, Futures, Convert, Saving and Fast Trade
Dear KuCoin Users,
We are excited to announce that KuCoin now open Margin Trading, Futures Trading, KuCoin Convert and KuCoin Saving, and Fast Trade services for SONIC.
SONIC Margin Trading Details:
Trading Opening Time: 14:00 on January 7, 2025 (UTC)
New Margin Asset: SONIC
New Borrowable Asset: SONIC
New Margin Pair: SONIC/USDT
*The Margin Coefficient of SONIC : 0.97
SONIC Futures Trading Details:
Trading Opening Time: 14:00 on January 7, 2025 (UTC)
Underlying asset: SONIC
Settlement Asset: USDT
Maximum leverage: 1-50x
SONIC Convert Trading Details：
SONIC will be added to KuCoin Convert at 12:00 on January 7, 2025 (UTC), 0 trading fees will be charged! Trade Now>>>
KuCoin Convert is a live request for quotation (RFQ) platform in which you can now easily convert different assets. Once trades are confirmed, you will receive quick settlement directly into your KuCoin account.
SONIC Saving Coin Details：
Opening Time: 15:00 on January 7, 2025 (UTC)
Expected APR: 4%
Soft Cap of Single User: 100
Hard Cap of Single User: 5000000
Redemption Period: Immediately
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All KuCoin users can go to the KuCoin Earn website and choose their desired product to stake.
Fast Trade Details:
Users can buy SONIC with VISA/Master Card, Fiat Balance, Revolut Pay, Blik, P2P Express or buy and sell SONIC with their fiat balances on the “Fast Trade” page, available within the upcoming week after SONIC is listed on KuCoin Spot.
🎁Deposit SONIC to KuCoin to Get Trading Fee Discount Coupon
Users who deposit any SONIC before 16:00 on January 11, 2025 (UTC), will receive a 30 USDT Spot trading fee discount coupon each. The voucher will be distributed within 3 business days after deposited.
References:
Differences Between Isolated Margin and Cross Margin
Tutorial for Futures Trading: Web Tutorial, APP Tutorial
Risk Warning: Margin and futures trading involve high risks and the potential for significant gains or losses. Severe price fluctuations may lead to forced liquidation and the loss of your entire margin balance.Users are strongly advised to fully understand the risks, choose appropriate leverage, and use stop-loss measures to mitigate potential losses. All trades are made at your own discretion and risk. KuCoin assumes no responsibility for any trading losses.
Regards,
The KuCoin Team
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