Binance said on July 16 that it has listed several USDⓈ-margined TradFi perpetual contracts, including MUUUSDT, SOXSUSDT, and TZAUSDT, with leverage of up to 25x. The new listings are tied to leveraged or inverse U.S. equity ETFs from Direxion.
MUUUSDT tracks the Direxion Daily MU Bull 2X ETF (MUU), which follows Micron’s daily performance at 2x upside exposure. SOXSUSDT is linked to the Direxion Daily Semiconductor Bear 3X Shares (SOXS), designed to reflect the New York semiconductor index’s daily inverse performance at 3x. TZAUSDT corresponds to the Direxion Daily Small Cap Bear 3X Shares (TZA), which tracks the Russell 2000 Index on a daily 3x inverse basis.
Binance described the products as USDⓈ-margined TradFi perpetual contracts. The exchange’s announcement did not add other details in the source text beyond the contract names, their reference ETFs, and the maximum leverage level.
Binance said on July 16 that it has listed several USDⓈ-margined TradFi perpetual contracts, including MUUUSDT, SOXSUSDT, and TZAUSDT, with leverage of up to 25x.
MUUUSDT is tied to the Direxion Daily MU Bull 2X ETF (MUU), which tracks Micron’s daily performance with 2x upside exposure.
SOXSUSDT corresponds to the Direxion Daily Semiconductor Bear 3X Shares (SOXS), which tracks the New York semiconductor index on a daily 3x inverse basis. TZAUSDT is linked to the Direxion Daily Small Cap Bear 3X Shares (TZA), which tracks the Russell 2000 Index on a daily 3x inverse basis.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
