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Binance Launches Perpetual Futures Trading for Samsung Electronics, SK hynix, and Hyundai Motor Company

Trading in Tether; Tokenized Securities Service Also Planned

Binance, the world’s largest virtual asset exchange, has launched trading services for U.S. stocks and exchange-traded funds (ETFs). In addition, the company began offering perpetual futures products based on Samsung Electronics, SK hynix, and Hyundai Motor as underlying assets. Binance also plans to roll out tokenized securities services in the future, leading to growing consensus that the boundaries between virtual assets and traditional finance are becoming increasingly blurred.

On June 1, Binance enabled trading of U.S. stocks and ETFs on the Binance application (app) for users in certain regions, excluding U.S. residents. Binance users’ trade orders are relayed through Nest Trading, a broker registered with Abu Dhabi Global Market (ADGM), while Alpaca, a U.S. broker-dealer and fintech securities firm, executes the actual trades and is responsible for clearing and custody. Starting June 4, Binance also plans to provide stock lending services.

Binance has also introduced products that allow indirect investment in Korean company stocks. From June 2, it began offering perpetual futures trading with Samsung Electronics, SK hynix, and Hyundai Motor as underlying assets. Investors can gain exposure to price movements of these stocks without actually holding the shares. The settlement method is the stablecoin Tether (USDT), with a minimum trade amount of 5 USDT. Up to 20x leverage is supported. Trading is available 24 hours a day, and users can bet on both rising and falling stock prices. In March, Binance also launched Korean-related futures products. One notable example is the EWYUSDT perpetual futures, based on a U.S.-listed ETF that tracks the main Korean stock market index.

In the future, Binance also plans to launch 'bStocks,' a tokenized securities (STO) service. The core concept is to allow users to convert their stock holdings on Binance into on-chain assets. Soobin Shim, a researcher at Kiwoom Securities, commented, “Interest in on-chain finance is expected to rise again, as Binance, the largest centralized virtual asset exchange, is entering the stock tokenization market.”

This content was produced with the assistance of AI translation services.