Binance Nvidia Futures Fall More Than 8% After U.S. Market Close

Binance’s NVDAUSDT perpetual futures fell more than 8% below Nvidia’s U.S. market close late Wednesday.

NVDAUSDT is a Binance perpetual futures contract tied to Nvidia’s share price. It continued trading after Nasdaq’s regular session ended, giving market participants a venue to react overnight before U.S. shares resumed trading. The contract recorded about $2 billion in 24-hour volume, with roughly half occurring after the U.S. cash session closed.

The more-than-8% decline was measured against the U.S. close, while the volume total covers a full 24-hour period. Nvidia shares finished the regular session at $173.73, nearly 3% above where they began the day, before the futures market moved lower after hours.

The price and volume figures show separate parts of that activity: the contract’s decline and the trading recorded after the stock market closed.