Binance is adding stock perps today — and two big names go live tonight.
$BNB — Binance Futures launches USDT-margined perpetual contracts for two traditional stocks today, Nov 12:
• NU (Nu Holdings, the Nubank parent, NYSE: NU) opens 18:30 JST
• FRHC (Freedom Holding Corp, Nasdaq: FRHC) opens 18:45 JST
Both offer up to 20x leverage, trade 24/7, and settle in USDT. Minimum trade is 0.01 of the stock, minimum notional $5.
BNB is at $680.37 right now, down 0.36% in the last 24 hours, with $53.2M traded. NU shares closed at $12.32 yesterday, up about 2% — FRHC closed at $163.72.
This is part of a bigger shift: about 70% of the new futures pairs Binance listed this year are traditional assets — stocks, ETFs, commodities — not crypto. Binance already launched perps for EIDO, EQT, STM and ABBV in recent weeks.
One note: users in the European Economic Area may not be able to trade these contracts because of MiCA rules.
Stock perps on a crypto exchange — is this the future, or a step too far?
Not financial advice.
#Binance #BNB #TradFi
$BNB — Binance Futures launches USDT-margined perpetual contracts for two traditional stocks today, Nov 12:
• NU (Nu Holdings, the Nubank parent, NYSE: NU) opens 18:30 JST
• FRHC (Freedom Holding Corp, Nasdaq: FRHC) opens 18:45 JST
Both offer up to 20x leverage, trade 24/7, and settle in USDT. Minimum trade is 0.01 of the stock, minimum notional $5.
BNB is at $680.37 right now, down 0.36% in the last 24 hours, with $53.2M traded. NU shares closed at $12.32 yesterday, up about 2% — FRHC closed at $163.72.
This is part of a bigger shift: about 70% of the new futures pairs Binance listed this year are traditional assets — stocks, ETFs, commodities — not crypto. Binance already launched perps for EIDO, EQT, STM and ABBV in recent weeks.
One note: users in the European Economic Area may not be able to trade these contracts because of MiCA rules.
Stock perps on a crypto exchange — is this the future, or a step too far?
Not financial advice.
#Binance #BNB #TradFi