The lines between traditional finance and crypto markets are shifting once again.

Today, Binance Futures added two perpetual contracts based on U.S. stocks:

NUUSDT: Corresponds to Nu Holdings Ltd. (NYSE: NU)

FRHCUSDT: Corresponds to Freedom Holding Corp. (Nasdaq: FRHC)

According to Binance’s official announcement, both contracts are settled in USDT, support 24-hour trading, offer leverage of up to 20x, and settle funding fees every 8 hours.

But there’s one easily overlooked distinction:

You’re not trading the stock itself, but a perpetual contract that tracks its price.

This means that holding these contracts does not make you a shareholder in the corresponding company or grant you shareholder rights.

Why is this change worth paying attention to?

In the past, the stock and crypto markets had relatively clear boundaries in terms of trading hours and products.

Now, exposure to traditional stock prices is beginning to enter the crypto derivatives market.

This not only changes trading hours, but also makes margin, funding rates, leverage, and pricing mechanisms outside regular trading hours more important.

One thing to keep in mind:

U.S. stock markets being closed does not mean the corresponding perpetual contracts stop trading.

24/7 trading offers greater flexibility, but it also means you need to watch out for liquidity issues and price deviations outside regular trading hours.

I believe the convergence of traditional finance and crypto finance could become a trend worth watching over the long term.

But while the product structure has changed, the importance of risk management has not diminished.

One final question for everyone:

If more and more traditional stocks enter crypto trading platforms in the future, which option do you favor?

① Directly holding tokenized stocks

② Trading crypto perpetual contracts based on traditional assets

③ Both models will have their own markets

Share your thoughts in the comments.

#Crypto #TradFi #RWA