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 issuers 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 U.S.-listed depositary receipt. The short fund seeks twice the inverse daily return, according to GraniteShares’ product details.
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RAMUSDT references the Roundhill T-REX 2X Long DRAM Daily Target ETF, which trades on Cboe BZX. RAM targets twice the daily performance of the Roundhill Memory ETF rather than directly holding or tracking a single semiconductor company.
DJTUSDT follows Trump Media & Technology Group shares, while MRNAUSDT references Moderna. Both companies trade on Nasdaq under DJT and MRNA.
The contracts provide derivatives, not stock ownership
The five Binance products are perpetual derivatives priced and settled in USDT. Traders do not receive shares, voting rights, dividends or ownership interests in the referenced companies or ETFs.
Perpetual contracts do not have expiry dates. Binance uses funding payments between long and short traders to help keep contract prices aligned with their reference markets.
Each contract has a minimum trade size of 0.01 units and a minimum notional value of 5 USDT. Funding fees settle every eight hours, while the initial funding-rate cap is set at +2% and the floor at -2%.
The exchange said the normal rule allowing funding intervals to change from eight hours to one hour when rates reach their limits will not apply automatically. The exchange will issue a separate announcement if it changes that schedule.
Layered leverage increases trading risk
SKUU, SKDD and RAM are already leveraged ETFs designed around daily investment objectives. Applying up to 20x leverage through a perpetual contract creates an additional layer of exposure.
Daily leveraged funds can produce returns that differ greatly from a simple multiple of the underlying asset over longer periods. Compounding, volatility and daily resets can reduce returns even when the referenced asset moves in the expected direction.
Binances leverage can further accelerate profits and losses. A relatively small adverse price movement may trigger liquidation if a trader lacks enough margin to maintain the position.
These risks remain present outside U.S. stock-market hours. Binance offers the contracts continuously, while the referenced shares and ETFs trade during scheduled exchange sessions. Prices can therefore diverge when Nasdaq and Cboe BZX are closed.
The rollout follows a wider exchange push into 24/7 synthetic exposure to traditional assets. Bybit said its own TradFi perpetual range recently passed 200 products, including equities, ETFs, commodities and private companies.
Binances ADGM entities operate the products
The contracts were admitted to trading on the exchange RIE and to clearing and settlement through Binance RCH, according to the exchanges notice.