Binance will launch 5 types of TradFi-margined perpetual contracts
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AT A GLANCE
Binance will launch 5 types of perpetual contracts tracking U.S. stock prices,USDT-margined.
Article
Binance will launch 5 types of TradFi-margined perpetual contracts
BlockBeats reported that,September 29 according to an official announcement,Binance-margined perpetual contracts will be launched in succession, with 5 TradFi-margined perpetual contracts:OKLOUSDT、TWSTUSDT、CVNAUSDT、RUMUSDT、XOMUSDT, with the underlying assets being nuclear power company Oklo, synthetic biology company Twist Bioscience, used-car e-commerce platform Carvana, video platform Rumble, and oil major ExxonMobil, respectively.
All of the above contracts are settled in USDT, offer maximum leverage of 20 x, support 7×24-hour trading and multi-asset mode; funding fees are settled every 8 hours, with a cap of ±2.00%. The contracts track U.S. stock prices but do not confer stock ownership, dividends, or voting rights.
Original link https://m.theblockbeats.info/flash/369488
Key points
01
Binance-margined perpetual contracts will be launched in succession OKLOUSDT、TWSTUSDT、CVNAUSDT、RUMUSDT and XOMUSDT。
02
The underlying assets are Oklo, Twist Bioscience, Carvana, Rumble, and ExxonMobil, respectively.
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All of these contracts are settled in USDT, with maximum leverage of 20 x, and support 7×24-hour trading and multi-asset mode.
04
Funding fees are settled every 8 hours, with a cap of ±2.00%。
05
The contracts track U.S. stock prices but do not confer stock ownership, dividends, or voting rights.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means users can trade on Binance contracts related to the prices of 5 U.S. stocks. Users trade contracts, not the stocks themselves, and therefore do not receive stock ownership, dividends, or voting rights; the contracts also support leverage and around-the-clock trading.
Why it matters to readers
After the products launch, users will have access to around-the-clock, leveraged trading exposure to the prices of the relevant U.S. stocks, but this does not constitute ownership of the relevant stocks.
Perpetual contracts can be traded with leverage, which may magnify trading results; funding fees are settled periodically, with a maximum cap of ±2.00%。
Risks and unknowns
The evidence does not provide 5 the specific launch times for the individual contracts.
The evidence is a media report and does not include the Binance original official announcement.
The evidence does not specify the applicable regions, post-launch trading volume, open interest, or liquidity.
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-margined perpetual contracts
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