Binance Futures will launch PAYP USDT-margined perpetual contract

BlockBeats News, March 20th, according to an official announcement, Binance Futures will list the PAYP/USDT stock perpetual contract on March 23rd at 22:30 (UTC+8), with leverage of up to 10x.

PAYP is the stock symbol of PayPay, Japan's largest cashless payment provider supported by SoftBank. PayPay officially debuted on Nasdaq on the 12th, with a 13.5% gain on its first day of trading.

In October last year, PayPay acquired a 40% stake in Binance Japan and formed a capital and business alliance with Binance Japan, aiming to connect digital payments with cryptocurrency, allowing users to fund purchases and earn rewards through PayPay Money.