Binance expanded its TradFi-perpetual offerings on Aug. 25, launching five USDT‑margined stock perpetual contracts that give eligible users up to 20x leverage on a mix of leveraged ETFs and standalone stocks. The new contracts — SKUUUSDT, SKDDUSDT, RAMUSDT, DJTUSDT and MRNAUSDT — started trading in staggered five‑minute intervals between 09:00 and 09:20 UTC. All are perpetual derivatives priced and settled in USDT (no expiry) and do not confer ownership, voting rights or dividends for the underlying assets. What Binance listed - SKUUUSDT — GraniteShares 2x Long SK Hynix Daily ETF (SKUU, Nasdaq) - SKDDUSDT — GraniteShares 2x Short SK Hynix Daily ETF (SKDD, Nasdaq) - RAMUSDT — Roundhill T‑REX 2X Long DRAM Daily Target ETF (RAM, Cboe BZX), which targets 2x the daily performance of the Roundhill Memory ETF - DJTUSDT — Trump Media & Technology Group (DJT, Nasdaq) - MRNAUSDT — Moderna (MRNA, Nasdaq) Key trading and risk parameters - Maximum leverage: 20x - Minimum trade size: 0.01 units; minimum notional: 5 USDT - Funding settled every eight hours; initial funding cap +2% / floor −2% - Binance said the usual automatic switch from eight‑hour to one‑hour funding intervals (which triggers when rates hit limits) will not occur automatically; any change will be announced separately - Contracts are admitted to trading on RIE and cleared through Binance RCH Why this matters These listings continue Binance’s push to offer 24/7 synthetic exposure to traditional assets, letting traders take leveraged positions around the clock even when U.S. stock exchanges are closed. That creates convenience and new opportunities, but also added risk: three of the listed ETFs are already daily leveraged products, and overlaying up to 20x leverage on top of those vehicles compounds complexity and volatility. Leveraged ETFs are subject to daily resets, compounding effects and volatility drag, so returns over longer horizons can deviate significantly from a simple multiple of the underlying. Binance’s high leverage can magnify gains — and trigger rapid liquidations on relatively small adverse moves — and price divergence is possible when Nasdaq and Cboe are closed. Regulatory and availability notes The contracts reference U.S.‑listed securities but aren’t direct Nasdaq or Cboe trades. Nest Exchange Limited operates RIE (recognized by Abu Dhabi Global Market’s FSRA), while Nest Clearing and Custody Limited runs Binance RCH as a recognized clearing house. Availability will depend on users’ locations and applicable restrictions. Binance also retains the right to adjust leverage, margin, funding and other parameters under its rules. Market impact Binance reported no verified market moves in DJT, MRNA or the three ETFs attributable specifically to the new listings. The launch mirrors a broader industry trend: competitors such as Bybit have also been rapidly expanding TradFi perpetual ranges, with Bybit recently surpassing 200 products across equities, ETFs, commodities and private companies. Bottom line The new perps broaden traders’ 24/7 access to leveraged TradFi exposure, but they stack leverage on products that already carry daily compounded risk. Traders should understand the mechanics — funding payments, daily resets, potential divergence outside U.S. trading hours and liquidation risk — before taking positions. Read more AI-generated news on: undefined/news