Binance launches 5 stock perpetuals with 20x leverage

Binance Futures launched five USDT-margined TradFi perpetual contracts on Aug. 25, giving eligible traders leveraged exposure to Trump Media, Moderna and three semiconductor-focused exchange-traded funds. Summary Binance launched five USDT margined perpetual contracts tied to U.S. stocks and leveraged exchange-traded funds. Contracts offer up to 20x leverage, round-the-clock trading and eight-hour funding settlements through Binance Futures. SKUU and SKDD track daily moves in SK Hynix, while RAM references leveraged DRAM exposure. DJT and MRNA perpetuals reference Trump Media and Moderna shares without granting stock ownership rights. Each contract uses USDT for settlement and requires a minimum notional trade worth five dollars. The contracts began trading at five-minute intervals between 09:00 and 09:20 UTC. Binance listed SKUUUSDT, SKDDUSDT, RAMUSDT, DJTUSDT and MRNAUSDT with maximum leverage of 20x. Binance adds five U.S. market-linked contracts SKUUUSDT tracks the GraniteShares 2x Long SK Hynix Daily ETF, while SKDDUSDT references the issuer’s 2x Short SK Hynix Daily ETF. Both underlying funds trade on Nasdaq. The long fund seeks twice the daily percentage change in SK Hynix’s...