BINANCE JUST LISTED WALL STREET ON THE CRYPTO RAILS
Four new stock perps went live today on Binance Futures
CEG and BAC and IBKR and MDT
USDT settled 20x leverage trading around the clock
Funding capped at 2% every eight hours
This is the first time crypto traders get first strike on bank and energy earnings without waiting for the opening bell
Here is the scoreboard nobody is talking about
Stock perps on Binance did over $8B in the last seven days
That is up from $563M in the launch week CoinDesk Research data
Traditional asset perps across crypto venues hit $19B in daily volume
Nearly 19% of all futures volume is no longer crypto at all
Meanwhile BTC sits at $83434 up 3% on the day with futures funding near 11% APR
Risk appetite is back and TradFi news is moving crypto flows directly
My read is simple
The 24 hour perp market is becoming the after hours venue for equities
TSLAUSDT did $279M in 24 hours after the Roadster reveal and 77% of Binance accounts were net long on it last week
If the four new contracts fail to clear $10M a day in their first week my read is wrong and I will say so
Which sector prints first on this new track
Banks with BAC or energy with CEG
$TSLA $BTC $BAC
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #TradFiPerps
Four new stock perps went live today on Binance Futures
CEG and BAC and IBKR and MDT
USDT settled 20x leverage trading around the clock
Funding capped at 2% every eight hours
This is the first time crypto traders get first strike on bank and energy earnings without waiting for the opening bell
Here is the scoreboard nobody is talking about
Stock perps on Binance did over $8B in the last seven days
That is up from $563M in the launch week CoinDesk Research data
Traditional asset perps across crypto venues hit $19B in daily volume
Nearly 19% of all futures volume is no longer crypto at all
Meanwhile BTC sits at $83434 up 3% on the day with futures funding near 11% APR
Risk appetite is back and TradFi news is moving crypto flows directly
My read is simple
The 24 hour perp market is becoming the after hours venue for equities
TSLAUSDT did $279M in 24 hours after the Roadster reveal and 77% of Binance accounts were net long on it last week
If the four new contracts fail to clear $10M a day in their first week my read is wrong and I will say so
Which sector prints first on this new track
Banks with BAC or energy with CEG
$TSLA $BTC $BAC
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #TradFiPerps