Binance to List Perpetual Futures Tracking SK Hynix, Samsung Electronics and Hyundai Motor
Summary
- Binance said trading in SKHYNIXUSDT, SAMSUNGUSDT and HYUNDAIUSDT perpetual futures contracts will begin in stages from noon on June 2.
- The products track the share prices of SK Hynix, Samsung Electronics and Hyundai Motor Co., are settled in USDT, and have a minimum trade value of 5 USDT.
- The contracts offer up to 20x leverage, allow traders to use various assets including BTC as margin, and may have funding rates and leverage adjusted depending on market conditions.
Forecast Trend Report by Period
Binance, the global cryptocurrency exchange, will launch perpetual futures tied to traditional finance assets.
Binance said in a notice on June 1 that trading in the SKHYNIXUSDT perpetual contract will begin at noon Korea Standard Time on June 2. Trading in SAMSUNGUSDT will start at 12:10 p.m., followed by HYUNDAIUSDT at 12:20 p.m.
The contracts are designed to track the share prices of SK Hynix, Samsung Electronics and Hyundai Motor Co., with settlement in USDT.
Tick size is set at 0.01 and the minimum order size at 0.01. The minimum trade value is 5 USDT. The funding-rate cap for all three contracts is plus or minus 2.00%, and settlement will occur every eight hours.
Binance will offer leverage of up to 20x. Under multi-asset mode, traders can use various assets, including BTC, as margin.
The exchange said key trading terms, including funding rates and leverage, could be adjusted depending on market conditions.
