Binance to launch NU and FRHC US stock U-margined perpetual contracts

BlockBeats news, November 11 - According to official sources, Binance Futures will launch the NUUSDT perpetual contract at 17:30 Beijing time on November 12, and the FRHCUSDT perpetual contract at 17:45, both settled in USDT, supporting 24-hour trading and leverage of up to 20x.

Among them, the underlying asset of the NU contract is Nu Holdings Ltd. Class A common stock (NYSE: NU); the underlying asset of the FRHC contract is Freedom Holding Corp. common stock (Nasdaq: FRHC). The funding rate for both contracts is settled every 8 hours, with the upper and lower limits of the funding rate both at ±2%, and multi-asset mode is supported.