Binance Drops Perpetuals Pegged to Treasuries and $BTC ETF — Wall Street, Now With Leverage 🎯

Binance Futures rolled out three new USDⓈ-M perpetual futures contracts on July 27 under Binance Exchange Rule 17, expanding its lineup of tokenized traditional finance derivatives. The contracts track U.S. Treasury bond ETFs and the ProShares Bitcoin ETF, with trading available 24 hours a day and leverage capped at 25x.

The TMFUSDT perpetual went live at 13:30 UTC, linked to the Direxion Daily 20+ Year Treasury Bull 3X ETF, a leveraged equity fund designed to follow the average performance of the 20-year U.S. Treasury bond. Five minutes later, Binance launched TBTUSDT, a short-side product tracking the ProShares UltraShort 20+ Year Treasury (NYSE:UPR). At 13:40 UTC, BITOUSDT was added, referencing the ProShares Bitcoin ETF.

All three contracts settle trading fees in USDT, with a minimum order size of 0.01 units per contract and a notional value floor of 5 USDT per trade. Funding payments occur every eight hours, with the funding rate capped between +2.00% and -2.00%. Binance also confirmed that the interest rate component used in its funding formula calculations has been corrected to 0%.

The launches mark Binance's latest move to bridge conventional financial instruments with its crypto derivatives offering, following earlier introductions of perpetual products tied to traditional assets.