Binance to List HK0625USDT Perpetual
Binance Futures will launch a HK0625USDT quanto perpetual on Sept 1, 2026, with 20x leverage and USDT settlement.
Source-checked briefing: prepared from the official notice cited below and checked for source, date, duplication, and risk language. No individual editor review is claimed. Methodology
Binance Futures announced the launch of a new USDⓈ-margined quanto perpetual contract, HK0625USDT, on September 1, 2026, at 02:45 UTC. The contract is based on SHEIN Global Holdings Limited (HKEX: 0625) and settles in USDT. The announcement confirms the launch and provides contract specifications, but does not require any action from users. Trading will be available 24/7 with up to 20x leverage and a capped funding rate of ±1.00%.
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Binance Futures will launch HK0625USDT quanto perpetual on 2026-09-01 02:45 UTC.
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Underlying asset is SHEIN Global Holdings Limited (HKEX: 0625).
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Settlement asset is USDT; tick size is 0.01; min trade amount is 0.01 HK0625.
Key timeline
Announcement published.
HK0625USDT perpetual contract launch.
Who may be affected
- Binance Futures users who trade USDⓈ-M perpetual contracts.
- Users interested in trading derivatives based on SHEIN Global Holdings Limited.
- Users in regions where Binance Futures products are available.
Impact analysis
The launch adds a new trading pair on Binance Futures, expanding the platform's offerings. For traders, this provides a new instrument to gain exposure to SHEIN's stock price movements via a perpetual contract. The contract's specifications, such as 20x leverage and USDT settlement, are standard for Binance's USDⓈ-M futures. The exemption from the funding interval adjustment rule means that even when the funding rate hits the cap, the interval remains four hours, which could affect funding cost predictability. Binance may adjust parameters like leverage or margin requirements based on market conditions, so traders should monitor official updates. No action is required from existing users unless they wish to trade this new contract.
What the announcement does not say
The announcement does not specify the exact listing time zone for users, but it is in UTC. It also does not disclose any initial margin requirements or maintenance margin levels, which are typically provided in the contract specifications table. Additionally, the announcement does not mention any restrictions on availability in certain regions, but notes that products may not be available in all regions.
Risk notes
- Trading perpetual contracts involves high risk due to leverage, which can amplify losses.
- The funding rate is capped at ±1.00%, but the actual rate may vary and is settled every four hours.
- Binance may adjust contract specifications, including leverage and margin requirements, at any time based on market risk conditions.
- The contract is exempt from the usual funding interval adjustment, which may affect funding cost dynamics.
- The announcement does not provide any information on the underlying asset's volatility or liquidity.
- This article is for verification of official exchange announcements only and does not constitute investment or trading advice.
This article is for information only and is not investment, legal, or tax advice. Digital assets are volatile and may result in loss of principal.
Frequently asked questions
What is the HK0625USDT perpetual contract?
It is a USDⓈ-margined quanto perpetual contract launched by Binance Futures, based on SHEIN Global Holdings Limited (HKEX: 0625), settled in USDT.
When will the contract be available for trading?
The contract will be launched on September 1, 2026, at 02:45 UTC.
What are the key trading parameters?
The contract has a tick size of 0.01, minimum trade amount of 0.01 HK0625, minimum notional value of 5 USDT, maximum leverage of 20x, and a funding rate cap of ±1.00% with settlement every four hours.
Is there any action required from existing Binance users?
No action is required. The announcement only informs about the new listing; users can choose to trade it if they wish.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.