Binance to List Seven Perpetual Futures Tracking Lam Research, Sony and Other TradFi Assets

Binance, the global cryptocurrency exchange, will launch seven perpetual futures contracts tied to traditional finance, or TradFi, assets.

According to a Binance notice on June 22, trading will begin sequentially on June 22 starting with LRCXUSDT at 10:30 p.m. Korea Standard Time, followed by KLACUSDT at 10:35 p.m., ALABUSDT at 10:40 p.m., SMCIUSDT at 10:45 p.m., CIENUSDT at 10:50 p.m., KORUUSDT at 10:55 p.m. and SONYUSDT at 11 p.m.

The contracts are designed to track the share prices of Lam Research, KLA, Astera Labs, Super Micro Computer, Ciena, the Direxion Daily South Korea Bull 3X Shares ETF and Sony Group. All seven contracts will be settled in USDT.

Each contract will have a tick size of 0.01 and a minimum order quantity of 0.01, with a minimum trade value of 5 USDT. The funding-rate cap will be set at plus or minus 2.00% for all contracts, and settlement will occur every eight hours.

Binance will offer leverage of up to 20x. Under multi-asset mode, users can post a range of assets including Bitcoin as margin.

The exchange said the products will not be subject to rules governing adjustments to the funding-fee settlement cycle. Even if the previous funding rate reaches its upper or lower limit, the settlement interval will remain at eight hours rather than shift to one hour.

Binance added that key trading terms, including funding rates, tick size, maximum leverage, and initial and maintenance margin requirements, may be adjusted depending on market conditions.