PiCK
Binance to Launch Perpetual Futures Tracking SK Hynix, Samsung Electronics, Hyundai Motor
Summary
- Binance said it will begin trading SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDT perpetual futures contracts sequentially on June 2.
- The products will track the share prices of SK Hynix, Samsung Electronics, and Hyundai Motor and will be settled in USDT.
- The futures will offer up to 20x leverage, and trading terms including funding rates and leverage may be adjusted depending on market conditions.
Forecast Trend Report by Period
Binance, the global cryptocurrency exchange, will launch perpetual futures contracts tied to traditional finance assets.
According to a Binance notice issued June 1, trading in the SKHYNIXUSDT perpetual contract will begin at 12 p.m. Korea time on June 2, followed by SAMSUNGUSDT at 12:10 p.m. and HYUNDAIUSDT at 12:20 p.m.
The products are structured to track the share prices of SK Hynix, Samsung Electronics and Hyundai Motor. The settlement asset is USDT.
The tick size is 0.01, and the minimum order size is 0.01. The minimum transaction amount is 5 USDT. The funding rate cap for all three contracts is plus or minus 2.00%, and settlement will occur every eight hours.
The contracts will offer leverage of up to 20x. Under Binance's multi-asset mode, traders can use various assets, including Bitcoin, as margin.
Binance added that key trading terms, including funding rates and leverage, may be adjusted depending on market conditions.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
