Binance to List 7 Perpetual Futures Contracts Tracking Lam Research, Sony and Other TradFi Assets
Summary
- Binance said it will launch seven perpetual futures products tied to traditional finance assets.
- The contracts will be settled in USDT and feature a tick size of 0.01, a minimum trade value of 5 USDT, a funding rate cap of ±2.00%, and eight-hour settlement.
- The products will offer up to 20x leverage and support Multi-Assets Mode, while terms including the funding rate, tick size, and maximum leverage may be adjusted depending on market conditions.
Forecast Trend Report by Period
Binance, the global cryptocurrency exchange, will launch seven perpetual futures contracts tied to traditional finance, or TradFi, assets.
According to a Binance notice on June 22, trading will open sequentially starting at 10:30 p.m. Korea Standard Time. LRCXUSDT will begin trading at 10:30 p.m., followed by KLACUSDT at 10:35 p.m., ALABUSDT at 10:40 p.m., SMCIUSDT at 10:45 p.m., CIENUSDT at 10:50 p.m., KORUUSDT at 10:55 p.m. and SONYUSDT at 11 p.m.
The contracts are structured to track the share prices of Lam Research, KLA, Astera Labs, Super Micro Computer, Ciena, the Direxion Daily South Korea Bull 3X Shares ETF and Sony Group. All seven contracts will be settled in USDT.
Each contract will have a tick size of 0.01 and a minimum order quantity of 0.01, with a minimum trade value of 5 USDT. The funding rate cap for all seven contracts is set at plus or minus 2.00%, and settlement will occur every eight hours.
Binance will offer leverage of up to 20x. Through Multi-Assets Mode, users can also post a range of assets, including Bitcoin, as collateral.
The exchange said the products will not be subject to rules governing adjustments to the funding fee settlement cycle. Even if the previous funding rate hits the upper or lower cap, the settlement interval will remain at eight hours rather than shifting to one hour.
Binance added that key trading terms, including the funding rate, tick size, maximum leverage, and initial and maintenance margin requirements, may be adjusted depending on market conditions.
