Binance Futures will launch USDT-settled perpetual contracts tracking Meta Platforms, NVIDIA, and Alphabet on March 26, adding three of the world's most actively traded equities to its growing suite of stock derivatives.
The contracts offer up to 10x leverage, trade 24/7, and settle in USDT - with funding fees charged every eight hours.
The additions follow Binance's January 2026 entry into TradFi perpetuals, which launched with gold and silver before expanding to U.S. equities through an Ondo Finance (ONDO) partnership.
Coinbase, OKX, and Kraken have each rolled out competing equity perpetual or tokenized stock products, compressing the timeline for what a year ago was considered a niche category.
How the Contracts Work
The three new contracts are USDⓈ-margined, meaning gains and losses are denominated in USDT rather than the underlying equity.
Users can post other assets - including Bitcoin (BTC) - as margin through Binance's Multi-Assets Mode. The minimum notional value is 5 USDT, with no expiry date.
Funding rates are capped at ±2% and are not subject to Binance's standard rule that shortens the funding interval to hourly when rates hit the cap.
The interest rate component of the funding formula is set to zero, which simplifies rate dynamics compared to standard crypto perpetuals.
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A Competitive Market - With a Regulatory Overhang
The launches are part of an accelerating effort by offshore crypto exchanges to offer round-the-clock access to equity price exposure - a product unavailable from traditional brokerages after market hours.
Coinbase's international platform launched Magnificent 7 stock perpetuals on March 20, settled in USDC. OKX began listing similar contracts March 4. Kraken entered the space via an acquisition of the xStocks platform.
The expansion faces regulatory pressure in Europe. In February, ESMA warned firms that perpetual futures providing leveraged exposure to underlying assets are likely to qualify as contracts for differences under EU law - triggering leverage caps, mandatory risk disclosures, and negative balance protection requirements.
The regulator said the label "perpetual future" is irrelevant to how the product is classified.
Binance did not specify which jurisdictions would have access to the new contracts. U.S. residents are excluded from Binance's derivatives platform.
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