Binance Futures has introduced three new USDT-settled perpetual contracts tied to popular ETFs, expanding its range of tokenized traditional finance instruments. Launched on July 27, these contracts include BITOUSDT, TMFUSDT, and TBTUSDT, all offering up to 25x use and continuous 24/7 trading.
The rollout began at 13:30 UTC with TMFUSDT, tracking the Direxion Daily 20+ Year Treasury Bull 3X ETF, which aims to triple the daily returns of the ICE U.S. Treasury 20+ Year Bond Index. Shortly after, TBTUSDT launched, linked to the ProShares UltraShort 20+ Year Treasury ETF, designed to deliver twice the inverse daily performance of the same Treasury bond index. The third contract, BITOUSDT, corresponds to the ProShares Bitcoin ETF (BITO), a U.S.-listed fund that provides Bitcoin exposure primarily through futures rather than direct holdings.
Each contract requires a minimum notional order value of 5 USDT with a minimum size of 0.01 units. Funding payments occur every eight hours with rates capped between -2% and +2%, and a base interest rate of zero percent. Unlike other contracts on Binance, these do not have adjustable funding intervals, maintaining a fixed eight-hour cycle regardless of market conditions.
Traders can take long or short positions without expiration dates, and a Multi-Assets Mode is supported, allowing margin collateral in various assets beyond USDT. Binance cautions that use limits, funding rates, and margin requirements may be adjusted later depending on market dynamics.
According to Binance, this launch aligns with its broader super app strategy by enhancing crypto traders’ access to traditional financial products in tokenized form. The inclusion of long and short positions on U.S. government bond ETFs offers fresh opportunities amid fluctuating bond yields, a topic that has gained attention alongside recent treasury auctions.
