Binance Futures has added four USDT-settled stock index perpetual contracts tied to StablecoinX, Viking Therapeutics, McDonald’s, and Akamai Technologies, according to Techub News. The new contracts are available for 24/7 trading and offer leverage of up to 20x. Binance said the products give users leveraged price exposure to the underlying stocks without requiring them to hold the shares directly. The exchange also said it uses a funding rate mechanism to keep contract prices aligned with the reference market. Under the listing terms, the new contracts settle every eight hours, and the funding rate is capped at +/-2% for each settlement period. The item cited Bitcoinist as the source of the report.
Binance Futures has introduced four USDT-settled stock index perpetual contracts tied to StablecoinX, Viking Therapeutics, McDonald’s, and Akamai Technologies, according to Techub News.
The exchange said the contracts are available for 24/7 trading and offer leverage of up to 20x. Users can gain leveraged price exposure to the underlying stocks through the contracts, but they do not actually hold the shares.
Binance said it uses a funding rate mechanism to keep contract prices anchored to the reference market. The new contracts settle every eight hours, with the funding rate capped at +/-2% for each period.
The report cited Bitcoinist as the source.
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