Binance Expands TradFi Perpetuals with Four New Stock Contracts

Binance Futures has introduced four new USDT-settled perpetual contracts tied to StablecoinX, Viking Therapeutics, McDonald’s, and Akamai Technologies. Announced on October 6, these contracts offer up to 20x leverage and provide continuous trading access, 24/7. The contracts track the underlying equities but do not deliver actual shares, which means traders gain price exposure without shareholder rights.

Binance uses a funding-rate mechanism to keep perpetual prices aligned with reference markets, with funding rates capped at plus or minus 2% per interval and settled every eight hours. The exchange is increasingly blurring the line between crypto derivatives and traditional asset markets, offering around-the-clock trading on traditional equities.

One challenge with perpetual futures is the mismatch in trading hours. While traditional stock markets close, these derivatives remain open, potentially leading to price dislocations. High leverage, like 20x, amplifies this risk, as even small adverse moves can trigger liquidations, regardless of the underlying company’s long-term outlook.

Binance’s expansion into TradFi perpetuals throughout 2026 suggests this product is becoming a core offering rather than a temporary experiment. The move reflects how crypto exchanges are applying their perpetual-futures market structure to traditional stocks, maintaining an always-on trading culture while requiring traders to manage leverage risks carefully.