One is down 25% in a month, the other 11% in five days—and Binance has chosen this moment to list perpetuals for both.
Binance Futures will list USDT-margined perpetual contracts for two U.S. stocks tomorrow, November 12: $NU 17:30 and $FRHC 17:45. Both are settled in USDT, trade 24 hours a day, and offer up to 20x leverage. Funding fees are settled every 8 hours, with a range of ±2%, and multi-assets mode is supported.
NU is Nu Holdings, a Brazilian digital bank, with a market cap of about $58.1 billion. It is currently at $12.08, down about 25% over the past month and around 28% year to date. Its 52-week range is $11.2 to $18.98. FRHC is Kazakhstan-based brokerage Freedom Holding, with a market cap of about $11.4 billion. It is currently at $165.47, down about 5.2% in a single day and around 11.4% over five trading days. It had just reached a 52-week high of $190.6 on November 3.
Our take: The point of a new contract is the tool, not the direction. Perpetuals allow trading both ways, and 20x leverage only magnifies volatility. NU is also due to report Q3 earnings tomorrow, so the earnings report coinciding with the new contract could mean more volatility than usual. FRHC has just pulled back from its high, and both longs and shorts could easily get caught out by funding fees and order-book volatility. If you’re considering trading, check the funding rate and order-book depth first—don’t rush in during the first hour after launch.
Data as of: 2026-11-11 12:30 UTC
For informational purposes only; this is not investment advice.
Binance Futures will list USDT-margined perpetual contracts for two U.S. stocks tomorrow, November 12: $NU 17:30 and $FRHC 17:45. Both are settled in USDT, trade 24 hours a day, and offer up to 20x leverage. Funding fees are settled every 8 hours, with a range of ±2%, and multi-assets mode is supported.
NU is Nu Holdings, a Brazilian digital bank, with a market cap of about $58.1 billion. It is currently at $12.08, down about 25% over the past month and around 28% year to date. Its 52-week range is $11.2 to $18.98. FRHC is Kazakhstan-based brokerage Freedom Holding, with a market cap of about $11.4 billion. It is currently at $165.47, down about 5.2% in a single day and around 11.4% over five trading days. It had just reached a 52-week high of $190.6 on November 3.
Our take: The point of a new contract is the tool, not the direction. Perpetuals allow trading both ways, and 20x leverage only magnifies volatility. NU is also due to report Q3 earnings tomorrow, so the earnings report coinciding with the new contract could mean more volatility than usual. FRHC has just pulled back from its high, and both longs and shorts could easily get caught out by funding fees and order-book volatility. If you’re considering trading, check the funding rate and order-book depth first—don’t rush in during the first hour after launch.
Data as of: 2026-11-11 12:30 UTC
For informational purposes only; this is not investment advice.
