Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Binance Futures launches three ETF-related perpetual contracts
On July 27, Binance Futures launched three perpetual contracts settled in the USDT, tracking the ProShares Bitcoin ETF and two long-term U.S. Treasury products.
Summary
Binance has successively launched BITOUSDT, TMFUSDT and TBTUSDT perpetual contracts at five-minute intervals. All three products support a maximum leverage of 25 times and are open for trading around the clock. The minimum nominal value of the order is 5 USDT, and the funding rate is settled every eight hours. These contracts expand Binance's presence in the traditional tokenized financial sector, but regional access restrictions still exist.
Binance Futures adds three new ETF-linked contracts
According to the exchange announcement on July 27, Binance Futures will launch these three USD-M perpetual contracts at 13:30 UTC time. TMFUSDT was launched first, then TBTUSDT was launched at 13:35 UTC, and BITOUSDT was launched at 13:40 UTC. Each contract uses USDT as a settlement asset, allowing traders to trade long or short positions, and has no expiration date.
TMFUSDT tracks Direxion Daily 20+ Year Treasury Bull 3X ETF. The underlying fund aims to triple the daily return of the ICE U.S. 20+ Year Treasury Index.
TBTUSDT tracks the ProShares UltraShort 20+ Year Treasury ETF, which aims to provide twice the daily reverse return of its long-term treasury bond benchmark. This means that when long-term Treasury prices fall, the underlying ETF usually benefits.
BITOUSDT is linked to the ProShares Bitcoin ETF (or BITO). This US-listed fund mainly provides Bitcoin exposure through futures contracts rather than directly holding Bitcoin.
New contracts support a maximum leverage of 25 times
Binance sets the maximum leverage for each contract to 25 times. The minimum order quantity is 0.01 units and the nominal value of each order must be at least 5 USDT. Capital expenses are settled every eight hours, and the capital rate is capped at minus 2% to plus 2%. Binance sets the benchmark interest rate used in fund calculations at 0%.
These contracts also support a multi-asset model. Eligible traders can use a variety of backed assets as margin, not just the settlement currency of the contract.
However, Binance stated that its funding interval adjustment mechanism does not apply to these three products. Even if the funding rate reaches the upper or lower limit, or if no funding fees are paid, the funding cycle will remain unchanged for eight hours.
Trading will be open 24 hours a day, seven days a week. This is different from U.S. -listed ETFs, which only trade during specified exchange hours. Binance may adjust the leverage limits, funding rates, minimum change prices and margin requirements for these products based on market conditions in the future.
ETF derivatives support Binance's super application strategy
This launch expands Binance's influence in the tokenized traditional financial field, allowing cryptocurrency traders to gain exposure to bitcoin futures through a derivatives platform and conduct long and short operations on long-term U.S. Treasury bonds.
Shunyet Jan, Binance's head of spot trading and derivatives, said trading remains at the heart of the platform, but is no longer all of its target markets. "We strive to be more than just a cryptocurrency exchange, but a super app with payment capabilities." These new perpetual contracts fit into this strategy, bringing mature U.S. investment products into Binance's 24/7 trading environment while allowing users to trade interest rates and bitcoin-related topics without buying shares in the underlying ETF.
What these contracts mean for U.S. traders
While the three contracts reference ETFs listed on NYSE Arca, Binance warns that these products may not be available in all geographies. Listing of the underlying asset in the United States does not automatically mean that its pegged currency Ernst & Young contract is available for use by U.S. customers. Binance America operates as an independent company that only targets the U.S. market and has its own governance structure. Its CEO Stephen Gregory recently said that after two years of regulatory pressure, the platform is striving to regain 20% of the U.S. cryptocurrency trading market.
Therefore, new futures contracts from Binance's main station should not be confused with Binance's US product launches. U.S. traders must consider platform qualifications and local derivatives regulations before attempting to obtain similar leveraged products.
A few days before this launch, Binan added Across Protocol, Lisk and Stacks to surveillance tags on July 24. These tokens can still be traded, but Binance is reviewing their volatility, liquidity, development activities and operational risks more closely.
