Binance Futures to List NU and FRHC U.S. Stock Perpetual Contracts with Up to 20x Leverage

TechFlow reported on November 11 that, according to a Binance announcement, Binance Futures will list two USDT-denominated U.S. stock perpetual contracts on November 12: NUUSDT at 09:30 (UTC), with the underlying asset being Nu Holdings Class A common stock (NYSE: NU); and FRHCUSDT at 09:45 (UTC), with the underlying asset being Freedom Holding common stock (Nasdaq: FRHC).

Both contracts offer up to 20x leverage, with a minimum price movement of 0.01, a minimum order size of 0.01 contracts, and a minimum notional value of 5 USDT. The funding rate cap is ±2%, settled every 8 hours, with an interest rate of 0 in the funding rate. They support the Multi-Assets margin mode and 24/7 trading.

Binance also noted that these two contracts are exempt from the funding rate settlement frequency adjustment rule; even if the funding rate reaches the upper or lower limit, the settlement interval will not be shortened from 8 hours to 1 hour. Trading parameters, maximum leverage, and margin requirements may be adjusted by Binance RIE and RCH in accordance with the rules.

Source: TechFlow