Binance Futures launched three USDT-settled perpetual contracts tied to the ProShares Bitcoin ETF and two long-duration U.S. Treasury products on July 27.
Summary
- Binance introduced BITOUSDT, TMFUSDT, and TBTUSDT perpetual contracts in five-minute intervals.
- All three products support up to 25x leverage and remain available for trading around the clock.
- Orders require a minimum notional value of 5 USDT, with funding settled every eight hours.
- The contracts expand Binance’s tokenized traditional finance offering, but regional access restrictions still apply.
Binance Futures adds three ETF-linked contracts
Binance Futures began rolling out the three USDⓈ-M perpetual contracts at 13:30 UTC, according to a July 27 exchange announcement.
TMFUSDT opened first, followed by TBTUSDT at 13:35 UTC and BITOUSDT at 13:40 UTC. Each contract uses USDT as its settlement asset and allows traders to take long or short positions without an expiration date.
TMFUSDT tracks the Direxion Daily 20+ Year Treasury Bull 3X ETF. The underlying fund seeks to deliver three times the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.
TBTUSDT follows the ProShares UltraShort 20+ Year Treasury ETF, which targets twice the inverse daily performance of its long-duration Treasury benchmark. This means the underlying ETF generally benefits when long-term U.S. Treasury bond prices decline.
BITOUSDT is linked to the ProShares Bitcoin ETF, or BITO. The U.S.-listed fund provides Bitcoin exposure primarily through futures contracts rather than holding Bitcoin directly.
New contracts offer leverage of up to 25x
Binance set the maximum leverage for each contract at 25x. The minimum order size is 0.01 units, while every order must carry a notional value of at least 5 USDT.
Funding payments will take place every eight hours, with the funding rate capped between negative 2% and positive 2%. Binance set the base interest rate used in the funding calculation at 0%.
The contracts also support Multi-Assets Mode. Eligible traders can use several supported assets as margin instead of relying only on the contract’s settlement currency.
However, Binance said its funding-interval adjustment mechanism will not apply to the three products. Their funding cycle will remain at eight hours even when the rate reaches its upper or lower limit or when no funding payment is required.
Trading will remain available 24 hours a day, seven days a week. That differs from the underlying U.S.-listed ETFs, which trade during defined exchange sessions.
Binance may later change the products’ leverage limits, funding rates, tick sizes and margin requirements in response to market conditions.
ETF derivatives support Binance’s super app strategy
The launch expands Binance’s presence in tokenized traditional finance by giving crypto traders exposure to Bitcoin futures and opposing views on long-duration U.S. government bonds through one derivatives platform.
Crypto.news reported earlier in July that Binance is working to develop a broader financial “super app” built around trading, payments, stablecoins and investment products.
Shunyet Jan, Binance’s head of spot trading and derivatives, said trading remains central to the platform but no longer represents its entire target market.
“We’re trying to not just be a crypto exchange, but be a super app that involves payment.”
The new perpetual contracts fit that strategy by bringing references to established U.S. investment products into Binance’s round-the-clock trading environment. They also let users trade interest-rate and Bitcoin themes without buying shares of the underlying ETFs.
What the contracts mean for US traders
Although the three contracts reference ETFs listed on NYSE Arca, Binance warned that the products may not be available in every region. A U.S.-listed underlying asset does not automatically make its Binance-linked perpetual contract available to U.S. customers.
Binance.US operates as a separate U.S.-only company with its own governance. Its chief executive, Stephen Gregory, recently said the platform aims to reclaim 20% of the U.S. crypto trading market after a two-year period of regulatory pressure.
Binance.com’s new futures contracts therefore should not be confused with a Binance.US product launch. U.S. traders must consider platform eligibility and local derivatives rules before attempting to access similar leveraged products.
The launch also comes days after Binance placed Across Protocol, Lisk and Stacks under its Monitoring Tag on July 24. Those tokens remain tradable, but Binance is reviewing their volatility, liquidity, development activity and operational risk more closely.
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