- Based on the ProShares Bitcoin ETF and U.S. Treasury bond ETFs, Binance introduced three new ETF-linked perpetual futures contracts.
- Because BITOUSDT is connected to the ProShares Bitcoin ETF, users have an additional option to trade changes in the price of Bitcoin through the futures market.
- With an emphasis on long-term U.S. Treasury bond ETFs, TMFUSDT and TBTUSDT give traders the opportunity to take positions in response to changes in the bond market.
Three new USD-M perpetual futures contracts based on the ProShares Bitcoin ETF and U.S. Treasury bond ETFs have been introduced by Binance Futures. Its list of tokenized traditional finance derivatives is expanding. In accordance with Binance Exchange Rule 17, the contracts began to be implemented on July 27.
Bitcoin ETF Futures Arrive On Binance As Exchange Expands TradFi Integration
At 13:30 UTC, the TMFUSDT perpetual trading began. It shows the performance of the 20-year average U.S. Treasury bond through the Direxion Daily 20+ Year Treasury Bull 3X ETF, a leveraged equity fund.
TBTUSDT, a short-term wager on the ETF Shares UltraShort 20+ Year Treasury , was introduced by Binance five minutes later. At 13:40 UTC, the ProShares Bitcoin ETF, or BITOUSDT, was added to the exchange.
The minimum order size for these contracts is set at 0.01 units per contract, and each trade must have a minimum value of 5 USDT. Funding payments will be processed every eight hours, with funding rates limited between +2.00% and -2.00%.
Binance Sets 0% Interest Rate In Funding Formula For New ETF Futures Contracts
Binance also confirmed that the interest rate used in the funding calculation for these contracts has been set to 0%. The exchange said the usual funding interval adjustment feature will not apply to these products. Even during periods of high funding activity or limited funds, the settlement schedule will remain at eight-hour intervals.
The new contracts also support Multi-assets Mode, allowing eligible traders to use different approved assets as collateral instead of depending on a single asset. This gives users more flexibility when managing their trading positions.
Multi-assets Mode allows eligible users to use multiple approved assets as margin instead of relying on a single asset, providing greater flexibility in managing their positions.
The exchange noted that trading conditions may change depending on market developments. Parameters such as leverage limits, funding fees, tick size, and initial and maintenance margin requirements could be updated when necessary.
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