Binance Launches Four New Stock Perpetual Contracts With 20x Leverage
Binance Futures has introduced four new USDT-settled perpetual contracts, offering traders exposure to StablecoinX, Viking Therapeutics, McDonald’s, and Akamai Technologies. Announced on October 6, these contracts allow for 24/7 trading with leverage of up to 20x. However, it’s important to note that these are derivatives and not actual shares, meaning traders do not receive ownership rights in the underlying companies.
The perpetual contracts track the price movements of the underlying equities but settle in USDT. Binance uses a funding-rate mechanism to keep these derivatives anchored to their reference markets, with funding capped at plus or minus 2% per interval and settled every eight hours. This setup allows for continuous trading, even when traditional stock markets are closed.
While this 24/7 trading model can be advantageous, particularly during breaking news, it also introduces risks. Dislocations can occur when the Binance derivative trades while the underlying U.S. equity market is shut. Leverage further amplifies this risk, as a small adverse move can lead to liquidation of highly leveraged positions, even if the long-term investment case for the company remains unchanged.
Binance’s expansion into Traditional Finance (TradFi) perpetuals has been ongoing throughout 2026, indicating that these products are becoming a permanent feature of the exchange rather than a temporary experiment. This development reflects a broader trend where crypto exchanges are applying perpetual-futures market structures to traditional assets, blending the always-on trading culture of crypto with the complexities of stock trading.