Binance’s UNITREEUSDT Perpetual Tracks Unitree Shares Without Ownership

Binance’s UNITREEUSDT perpetual contract references shares of Unitree Robotics Co., Ltd. listed in Shanghai, giving traders price exposure without equity ownership through a derivative settled in Tether (USDT).

Binance launched the contract at 10:45 p.m. ET Aug. 18 (02:45 UTC Aug. 19), the date Unitree shares began trading in Shanghai. The shares are listed on the Shanghai Stock Exchange under code 688836; UNITREEUSDT is the contract’s identifier.

At launch, the contract offered trading around the clock and listed maximum leverage of 20x. Because the derivative trades continuously while the underlying shares follow exchange hours, its pricing methods can differ outside the stock market’s regular hours.

Holding the contract does not give a trader ownership of Unitree shares. The contract provides price exposure and settles in USDT, while code 688836 identifies the underlying listed equity.