Binance Futures expanded its TradFi perpetual lineup on Aug. 25, launching five USDT-margined stock- and ETF-based perpetual contracts that give eligible traders up to 20x leveraged exposure. The new tickers — SKUUUSDT, SKDDUSDT, RAMUSDT, DJTUSDT and MRNAUSDT — began trading in five-minute staggers between 09:00 and 09:20 UTC. What was listed - SKUUUSDT — GraniteShares 2x Long SK Hynix Daily ETF (Nasdaq) - SKDDUSDT — GraniteShares 2x Short SK Hynix Daily ETF (Nasdaq) - RAMUSDT — Roundhill T-REX 2X Long DRAM Daily Target ETF (Cboe BZX) - DJTUSDT — Trump Media & Technology Group (Nasdaq: DJT) - MRNAUSDT — Moderna (Nasdaq: MRNA) Product mechanics and trading terms - These are USDT-settled perpetual contracts (no expiry). - Max leverage: 20x. - Minimum trade size: 0.01 units; minimum notional value: 5 USDT. - Funding payments settle every eight hours; initial funding-rate cap is +2% and floor is -2%. Binance said the usual automatic switch from eight-hour to one-hour funding intervals (when rates hit limits) will not occur automatically — any change will be announced separately. - Buyers of these perps do not receive underlying shares, dividends, voting rights or ownership. Notes on the underlying ETFs and risk profile - SKUU, SKDD and RAM are already leveraged ETFs designed to achieve twice the daily performance (or inverse performance) of their references. Adding up to 20x via perpetuals layers additional leverage and risk on top of those daily-reset ETF mechanics. - Leveraged daily ETFs can diverge significantly from a simple multiple of the underlying over longer holding periods due to compounding, volatility and daily resets; perpetual leverage magnifies both gains and losses and increases the likelihood of liquidation if margin is insufficient. - These risks apply 24/7 on Binance’s platform: the exchange offers continuous trading while the underlying Nasdaq and Cboe BZX instruments trade in normal market hours, so prices may diverge when the U.S. exchanges are closed. Clearing, market access and regulation - The contracts were admitted to trade on RIE and cleared/settled through Binance RCH. RIE is operated by Nest Exchange Limited and is recognized by the Abu Dhabi Global Market’s Financial Services Regulatory Authority; Nest Clearing and Custody Limited runs Binance RCH as a recognized clearing house. - Access to these products depends on user location and applicable restrictions — they are not direct trades on Nasdaq or Cboe BZX, and availability is limited by regulatory rules. Context - Binance’s move continues a broader exchange trend toward 24/7 synthetic exposure to traditional assets. Competing platforms such as Bybit have also grown their TradFi perpetual offerings, with hundreds of products spanning equities, ETFs, commodities and private-company exposure. Market impact - Binance noted there was no verified move in DJT, MRNA or the three ETFs directly attributable to the listings. Traders should weigh the additional leverage and unique mechanics of leveraged ETFs before taking positions, and remain mindful of hours-of-day risk and potentially rapid liquidations. Read more AI-generated news on: undefined/news