Binance will launch perpetual contracts for 4 US stocks, with up to 20x leverage.

Binance has announced that it will launch USDT-margined perpetual contracts for four traditional financial asset underlyings today, corresponding to StablecoinX (Nasdaq: USDE), Viking Therapeutics (Nasdaq: VKTX), McDonald's (NYSE: MCD), and Akamai Technologies (Nasdaq: AKAM). USDEXUSDT, VKTXUSDT, MCDUSDT, and AKAMUSDT will open for trading at 17:00, 17:05, 17:10, and 17:15 Beijing Time, respectively. All contracts will support up to 20x leverage and 24/7 trading, with funding rates settling every 8 hours.