After Gold and Silver… Binance Launches 'Traditional Finance Futures Contracts'
JOON HYOUNG LEE
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Summary
- Binance said it has launched perpetual futures contracts on traditional finance (TradFi) assets.
- The product is collateralized by Tether (USDT), and investors can trade with leverage without a separate expiry date.
- Binance said it has been expanding into traditional asset classes this month, rolling out gold- and silver-linked perpetual futures contracts in succession.
Global cryptocurrency exchange Binance on the 8th (local time) launched futures contracts on traditional finance (TradFi) assets.
Binance said on its official website that it will support trading of TradFi-based perpetual futures contracts. The collateral is Tether (USDT). Investors can trade these contracts using leverage, with no separate expiry date, just as with existing crypto perpetual futures.
Binance has been expanding its tradable universe into traditional asset classes this month. It recently rolled out perpetual futures contracts tied to gold and silver in succession.
Meanwhile, TradFi perpetual futures contracts can be traded on Binance’s website or in the application (app) under the “TradFi” tab.
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