The move underscores the exchange’s strategy of giving traders access to emerging ecosystems long before they become mainstream.
Starting December 10, 2025, Binance Futures will launch trading for the NIGHT/USDT perpetual contract. Rather than spot exposure, this product lets traders take long or short positions on the token without needing to hold it — a popular structure among high-frequency traders and hedge funds.
NIGHT is the base asset of Midnight, a Layer-1 blockchain project associated with Cardano founder Charles Hoskinson. The network positions itself as a secure and privacy-preserving infrastructure layer, and its token is used for governance, staking, and broader ecosystem functions. Listing NIGHT on Binance Futures gives the asset early access to leverage markets, a move that often boosts awareness but also introduces volatility.
The new contract allows leverage of up to 50x, aligning it with Binance’s most aggressive derivatives offerings. Higher leverage lets traders amplify gains — but it also magnifies losses, indicating this product is geared toward advanced or professional users rather than retail beginners.
Settlement and collateral will occur in USDT. Binance has also specified minimal price increments, support for multi-asset margining, and continuous trading availability — key features required by day traders and quant strategies.
Funding payments between long and short positions will occur every four hours, with Binance enforcing a ±2% funding cap. This guardrail prevents funding imbalances from spiraling during periods of illiquidity or heavy directional positioning.
In line with its recent push for clearer futures governance, Binance published the smart contract address associated with the listing. That disclosure makes it easier for on-chain analysts to track liquidity flows, token behavior and listing authenticity — a useful tool as more derivative products are launched around new blockchain networks.
The exchange said the listing fits into its broader aim of offering exposure beyond the largest crypto names. Binance has steadily expanded futures access to newer chains in order to keep traders engaged and maintain liquidity dominance. NIGHT fits the pattern — a niche token backed by a known founder, but still early in development.
According to Binance, widening futures availability allows traders to hedge, speculate or structure portfolio strategies around emerging projects. Whether the MOVE pays off for the Midnight ecosystem remains to be seen, but Binance’s listing signals confidence that the token — and its network — may attract meaningful activity in the coming months.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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