Binance Adds Four More Stock Perpetuals With Up To 20x Leverage

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Binance Futures is adding USDT-settled perpetual contracts tracking StablecoinX, Viking Therapeutics, McDonald’s and Akamai. The contracts trade 24/7 and support leverage of up to 20x. They are derivatives that track the underlying equities; buyers do not receive the actual shares. Binance is continuing to blur the line between a crypto derivatives venue and an around-the-clock market for traditional assets. The exchange announced four new USDT-settled perpetual contracts on October 6 tied to StablecoinX, Viking Therapeutics, McDonald’s and Akamai Technologies. Each contract can be traded with up to 20x leverage and remains open 24 hours a day. Stock Exposure Without Stock Ownership The new contracts track the price of the underlying equities but do not deliver shares. That is a fundamental distinction. A trader holding MCDUSDT has leveraged price exposure to McDonald’s stock through a derivative. They are not a McDonald’s shareholder and do not receive the ordinary rights that come with owning the equity. Binance settles the contracts in USDT and uses a funding-rate mechanism ...