Binance has launched 8 TradFi perpetual contracts, covering US stocks and the ChiNext 50 ETF.

BlockBeats News, July 2nd, Binance announced that, to enhance trading options, Binance Futures will launch 8 USDⓈ margined TradFi perpetual contracts on July 2nd. These contracts are for STRCUSDT, CATUSDT, TXNUSDT, FLEXUSDT, TERUSDT, TTWOUSDT, KSTRUSDT, and BSPUSDT, all supporting up to 25x leverage and 24/7 trading.

The above contracts are anchored to the prices of Strategy Preferred Stock STRC, Caterpillar, Texas Instruments, Flex, Teradyne, Take-Two Interactive, KWEB ETF (KSTR), and Bending Spoons stock. All contracts are settled in USDT, and the funding rate settlement occurs every 8 hours.