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Binance’s COINUSDT Perpetual Tracks Coinbase Shares Around the Clock

The USDT-settled contract launched Feb. 9 with leverage of up to 10x and trades 24 hours a day.

By Enna Lee
Published
Mentioned assets
An unmarked share certificate loops around a mechanical clock / TokenPost.ai
An unmarked share certificate loops around a mechanical clock / TokenPost.ai

Binance’s COINUSDT is a perpetual contract tied to the price of Coinbase common stock. It gives traders exposure to the share price through a derivative, rather than a tokenized Coinbase share.

The contract trades 24 hours a day, seven days a week, and settles in USDT. Binance launched it Feb. 9 at 10 a.m. ET (15:00 UTC), with leverage of up to 10x.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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