Binance launches Quanto perpetuals for Tencent and Xiaomi Hong Kong stocks

The exchange said HK0700USDT for Tencent and HK1810USDT for Xiaomi are now available, expanding its Quanto perpetual contract lineup with Hong Kong equity-linked products.

Summary

Binance has launched Quanto perpetual contracts tied to Hong Kong-listed stocks Tencent and Xiaomi. The exchange said HK0700USDT, linked to Tencent, and HK1810USDT, linked to Xiaomi, are now available for trading. Quanto perpetuals (derivatives with payout structured in a different quote asset) let users take directional exposure without holding the underlying stock directly, extending Binance’s range of equity-linked trading products.

Terms & Concepts
  • Quanto perpetuals: Derivatives with payout settled in another asset
  • HK0700USDT: Binance contract linked to Tencent shares
  • HK1810USDT: Binance contract linked to Xiaomi shares