Bullish
Binance Launches Six U-Backed TradFi Perpetual Contracts with 20x Leverage
10:20
Binance introduces six new USDT-backed perpetual contracts for assets including Cloudflare and Changxin Technology, offering up to 20x leverage starting August 17.
Woofun AI reports that Binance will roll out six USDT-backed traditional finance perpetual contracts, featuring a maximum leverage of 20x. The launch schedule includes GDXUSDT (VanEck Gold Mining ETF) at 13:30 UTC on August 17, NETUSDT (Cloudflare Class A common stock) at 13:35 UTC, VSTUSDT (Vistra Corp common stock) at 13:40 UTC, SHOPUSDT (Shopify Class A shares) at 13:45 UTC, and LYTEUSDT (Roundhill Photonics and Optics ETF) at 13:50 UTC, all on August 17. CXMTUSDT (Changxin Technology) will follow on August 18 at 05:00 UTC.
WOOFUN AI
Impact Assessment · Quick Read
The expansion into USDT-backed perpetuals for specific equities and ETFs signals Binance's continued integration of traditional asset classes into crypto trading infrastructure. By offering high leverage on stocks like Cloudflare and Shopify, the exchange may attract traders seeking exposure to tech and gold mining sectors without holding underlying assets. This move could increase trading volume in these specific pairs while exposing users to higher liquidation risks due to the 20x leverage cap.
Generated by WOOFUN AI · For reference only, not investment advice
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