Binance Expands TradFi Futures Lineup With BYD And Lenovo Contracts

Binance is expanding its derivatives platform by adding perpetual contracts tied to shares of BYD and Lenovo, two Hong Kong-listed companies.

The new contracts, BYDUSDT and HK0992USDT, will be available on September 7, allowing eligible users to take leveraged positions on the companies' prices.

The perpetual contracts will have up to 20x leverage and will trade around the clock, with funding fees settled every 4 hours. The products use different contract structures: BYDUSDT is a USDT-priced perpetual contract, while HK0992USDT is a quanto perpetual contract.