Binance to List BYD and Lenovo Perpetuals
Binance Futures adds BYDUSDT and HK0992USDT perpetual contracts on Sep 7, 2026.
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 announced it will launch two new USDⓈ-M perpetual contracts on September 7, 2026: BYDUSDT (underlying BYD Co., Ltd. H-shares) at 02:00 UTC and HK0992USDT (underlying Lenovo Group Ltd.) at 02:05 UTC. Both are settled in USDT, offer up to 20x leverage, and have a capped funding rate of ±1.00% with settlement every four hours. The announcement does not specify any required action for users; it is an informational notice about new trading products.
- 01
BYDUSDT perpetual contract launches on 2026-09-07 at 02:00 UTC.
- 02
HK0992USDT quanto perpetual contract launches on 2026-09-07 at 02:05 UTC.
- 03
Both contracts are USDⓈ-M, settled in USDT, with tick size 0.01 and min notional 5 USDT.
Key timeline
Announcement published by Binance.
BYDUSDT perpetual contract launch.
HK0992USDT perpetual contract launch.
Who may be affected
- Binance Futures users who trade perpetual contracts.
- Users interested in trading derivatives on BYD or Lenovo stocks.
- Users in regions where these products are available.
Impact analysis
The launch expands Binance Futures' product offerings to include perpetual contracts on traditional equities (BYD and Lenovo). For eligible users, this provides new trading instruments with up to 20x leverage and USDT settlement. The funding rate cap of ±1.00% and four-hour settlement frequency are standard for such contracts. The exemption from the funding interval adjustment rule means that even if the funding rate hits the cap, the interval remains four hours, which could affect funding cost predictability. Binance may adjust specifications like leverage or margin requirements based on market conditions, so traders should monitor official updates. No impact on existing contracts or services is mentioned.
What the announcement does not say
The announcement does not specify regional availability, listing fees, or whether the contracts will be available to all users. It also does not detail the underlying index methodology or margin requirements beyond the basics. The source does not state if these contracts are subject to additional regulatory restrictions.
Risk notes
- Perpetual contracts involve leverage, which can amplify losses.
- Funding rates may be positive or negative, affecting holding costs.
- Binance may adjust contract specifications at any time based on market risk.
- The announcement does not address security or account safety; no such claims are made.
- Products may not be available in all regions; users should verify eligibility.
- This article is for informational purposes 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
Do I need to do anything to access these new contracts?
The announcement does not specify any required action. Typically, if you are an eligible Binance Futures user, the contracts will appear in your platform automatically at the launch time. Check your Binance Futures interface for availability.
What are the underlying assets for these contracts?
BYDUSDT is based on BYD Co., Ltd. H-shares (HKEX: 1211), and HK0992USDT is based on Lenovo Group Ltd. (HKEX: 0992). Both are settled in USDT.
Are these contracts subject to the standard funding interval adjustment?
No. The announcement states that these contracts are exempt from the rule that would adjust the funding interval from every four hours to every one hour when the funding rate reaches the cap or floor. The interval remains every four hours unless Binance announces otherwise.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.