U.S. stocks haven’t opened yet, but Binance has already brought two of them to perpetual futures—and both have a story of their own today.
This afternoon, Binance Futures just listed two U.S. stock USDT-margined perpetuals: $NU 17:30 opens, followed by $FRHC 17:45. Both offer up to 20x leverage, settle in USDT, and have funding fees every 8 hours. NU is Brazilian digital bank Nubank, while FRHC is Central Asian brokerage Freedom Holding. Both are legitimate publicly listed companies, not memes.
What’s interesting is the timing: NU’s Q3 earnings are due today, with the market expecting earnings of $0.231 per share and revenue of $5.855 billion. It closed at $12.32 yesterday, down 23% over the past month. If earnings beat expectations, the newly listed perpetual could make for a show on its very first day; if they disappoint, this whale doesn’t need to spell out the other side of 20x leverage. FRHC, meanwhile, has pulled back from its November 3 high of $190.6, closing at $163.72 yesterday—down 12% in five days—and is also at a point where it’s looking for direction.
This whale’s take: Binance is rolling out U.S. stock perpetuals at an accelerating pace. Since the end of September, it has announced seven of them one by one. The message is clear: U.S. stock volatility is coming to the crypto market too. But perpetuals are two-way instruments, and earnings night combined with a new listing means volatility will only be higher than usual. Think through your position before you act, and keep your livelihood secure before watching the spectacle.
This afternoon, Binance Futures just listed two U.S. stock USDT-margined perpetuals: $NU 17:30 opens, followed by $FRHC 17:45. Both offer up to 20x leverage, settle in USDT, and have funding fees every 8 hours. NU is Brazilian digital bank Nubank, while FRHC is Central Asian brokerage Freedom Holding. Both are legitimate publicly listed companies, not memes.
What’s interesting is the timing: NU’s Q3 earnings are due today, with the market expecting earnings of $0.231 per share and revenue of $5.855 billion. It closed at $12.32 yesterday, down 23% over the past month. If earnings beat expectations, the newly listed perpetual could make for a show on its very first day; if they disappoint, this whale doesn’t need to spell out the other side of 20x leverage. FRHC, meanwhile, has pulled back from its November 3 high of $190.6, closing at $163.72 yesterday—down 12% in five days—and is also at a point where it’s looking for direction.
This whale’s take: Binance is rolling out U.S. stock perpetuals at an accelerating pace. Since the end of September, it has announced seven of them one by one. The message is clear: U.S. stock volatility is coming to the crypto market too. But perpetuals are two-way instruments, and earnings night combined with a new listing means volatility will only be higher than usual. Think through your position before you act, and keep your livelihood secure before watching the spectacle.
