Binance To List Five USDT Perpetual Contracts Tied To TradFi Assets
The contracts will track Oklo, Twist Bioscience, Carvana, Rumble and ExxonMobil, with leverage capped at 20x.
Binance will roll out five USDT-settled perpetual contracts tied to traditional-finance assets, expanding its derivatives lineup beyond crypto markets.
The contracts will use the symbols OKLOUSDT, TWSTUSDT, CVNAUSDT, RUMUSDT and XOMUSDT. Their underlying assets are Oklo, Twist Bioscience, Carvana, Rumble and ExxonMobil, respectively.
Each contract will be margined and settled in USDT, with leverage available up to 20x. Binance plans to introduce the contracts in stages on Sept. 29.
The launch gives Binance users access to derivatives linked to companies in nuclear energy, synthetic biology, online used-car sales, video streaming and oil. The products are tied to traditional-finance assets rather than cryptocurrencies.
