Binance Futures will launch perpetual futures contracts for multiple US stocks and ETFs, including Rocket Lab and Storage ETF.

BlockBeats News, May 16th, Binance announced that its Binance Futures platform will launch multiple USDⓈ-margined TradFi perpetual contracts on May 18th to expand the range of traditional financial assets available for on-chain trading. The new contracts include:

FLNCUSDT perpetual contract, corresponding to Fluence Energy stock, with up to 10x leverage;
DRAMUSDT perpetual contract, corresponding to Roundhill Memory ETF (DRAM), with up to 20x leverage;
RKLBUSDT perpetual contract, corresponding to Rocket Lab stock, with up to 10x leverage.

The announcement indicates that all these products will be settled in USDT, support 24/7 trading, and adopt the Multi-Assets Mode, allowing users to collateralize with various assets including BTC.

Analysts believe that Binance is further promoting the on-chain derivative transformation of traditional financial assets by introducing U.S. stocks, ETFs, and other TradFi assets into the crypto trading ecosystem to attract more cross-market trading demand.