- Binance announced on November 11, 2026 that new USDT-margined perpetual contracts tracking Nu Holdings (NU) and Freedom Holding Corp (FRHC) share prices would go live the following day
- The new NUUSDT and FRHCUSDT perpetual contracts offer up to 20x leverage with a minimum notional order size of $5
- The contracts are cash-settled derivatives tracking each stock’s price rather than representing direct equity ownership or dividend rights in either company
Binance published an announcement on its official support page on November 11, 2026 detailing a new pair of perpetual futures contracts tied to the share prices of two publicly traded companies, with the contracts going live for trading the following day, November 12. The new products, ticker symbols NUUSDT and FRHCUSDT, track the market prices of Nu Holdings (NYSE: NU), the parent company of Brazilian digital bank Nubank, and Freedom Holding Corp (Nasdaq: FRHC), a diversified financial-services firm.
Structurally, the contracts follow the same mechanics as Binance’s existing cryptocurrency perpetual futures: they are USDT-margined, meaning traders post collateral and realize profit or loss in Binance’s stablecoin, and they offer leverage of up to 20 times a trader’s posted margin. The announcement sets a minimum notional order size of just $5, a low barrier to entry that mirrors the accessibility Binance offers on its conventional crypto-asset perpetual contracts.
Crucially, the announcement is explicit that these are derivative instruments tracking each company’s share price, not a mechanism for acquiring actual equity ownership in Nu Holdings or Freedom Holding. Traders holding these contracts do not receive shareholder voting rights, dividend payments, or any other benefit associated with directly owning the underlying stock; their exposure is purely to the price movement itself, settled in USDT rather than through delivery of actual shares.
The launch extends a broader trend among large crypto exchanges of offering derivative exposure to traditional, real-world assets like public company stocks directly on crypto-native trading infrastructure, letting users who are already active on a crypto exchange speculate on or hedge against equity price movements without needing a separate traditional brokerage account. Offering this kind of product with crypto-standard leverage levels and stablecoin settlement represents a notable blurring of the line between crypto-native derivatives markets and traditional equity markets.
Both Nu Holdings and Freedom Holding Corp have no stated involvement in or endorsement of these Binance-created derivative products, which exist purely as exchange-listed trading instruments referencing publicly available share-price data rather than any direct partnership between Binance and either company. The full announcement is published on Binance’s own support page.
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