Binance Futures launches 20x perpetual contracts on shares of five companies

Binance Futures has launched round-the-clock perpetual contracts on shares of five companies, offering leverage of up to 20x. The listings cover Bitcoin miner MARA Holdings, medical AI developer Tempus AI, quantum computing company IonQ, retailer PDD Holdings and pharmaceutical giant Merck. MARA’s contract arrives as the company restructures after reporting a $611 million net loss and a 27% revenue decline. It sold nearly one-third of its Bitcoin reserves in the first half of the year, raising about $1.6 billion for data centers and AI infrastructure. The listing therefore gives traders a leveraged way to target MARA’s AI transformation rather than simply gain exposure to Bitcoin. The launch also reflects a shift among Binance users toward concentrated, volatile individual-stock positions. RWA.xyz puts the total value of tokenized stocks on Binance at $581 million, while weekly net inflows have fallen to their lowest level. Investors have moved money from safer vehicles such as the QQQ technology ETF into individual shares; traders sold positions in SanDisk and Micron and directed $87 million into South Korean chipmaker SK Hynix. Binance’s new contracts cater to demand for targeted exposure to high-tech assets within the exchange.

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