Binance Futures will list NU and FRHC US stock perpetual contracts, with up to 20x leverage.

On November 11, according to a Binance announcement, Binance Futures will launch two USDT-margined perpetual contracts for US stocks on November 12: NUUSDT, tracking Nu Holdings Class A common stock (NYSE: NU), will be listed at 09:30 UTC; FRHCUSDT, tracking Freedom Holding common stock (Nasdaq: FRHC), will be listed at 09:45 UTC.

Both contracts feature a maximum leverage of 20x, a minimum price movement of 0.01, a minimum order quantity of 0.01, and a minimum notional value of 5 USDT. The funding rate cap is ±2% with settlements occurring every eight hours, the interest rate component is 0%, they support Multi-Assets margin mode, and trade 24/7.

Binance also noted that these two contracts are exempt from the rules governing adjustments to the funding rate settlement frequency. Even if the funding rate reaches its upper or lower limits, the settlement interval will not shorten from eight hours to one hour. Trading parameters, maximum leverage, and margin requirements may be adjusted by Binance RIE and RCH in accordance with applicable rules.