Binance will offer NUUSDT and FRHCUSDT contracts based on shares of Nu Holdings and Freedom Holding, with leverage of up to 20x.
Published: November 11, 2026 - 01:09 PM
Reading time: 4 min
Cryptocurrency exchange Binance has decided to list two new stock-linked contracts as it expands its futures products tied to traditional financial markets. According to the company's official announcement published on November 11, 2026, the NUUSDT and FRHCUSDT perpetual futures contracts, based on shares of Nu Holdings (NU) and Freedom Holding Corp. (FRHC), will begin trading on November 12 at 12:30 p.m. and 12:45 p.m. Türkiye time, respectively. Both contracts will offer maximum leverage of 20x.
Binance Reveals Trading Conditions for NUUSDT and FRHCUSDT
The new products offered by BinanceFutures fall under the category of TradFi perpetual futures contracts, which are linked to price movements in traditional financial assets. The underlying asset for the NUUSDT contract will be Class A shares of Nu Holdings, which trade on the New York Stock Exchange under the ticker NU. FRHCUSDT will track shares of Freedom Holding Corp., which trades on Nasdaq under the ticker FRHC.
Both contracts will be quoted and settled in USDT. According to the technical specifications disclosed by Binance, the minimum trade size will be 0.01 units, while the minimum order value will be 5 USDT. The tick size has been set at 0.01, and funding payments will take place every eight hours.
Funding rate limits will range from -2% to +2%. The contracts will be available for trading 24 hours a day, seven days a week. Multi-Assets Mode support will also be provided. Binance reserves the right to adjust leverage levels, margin requirements, and other trading parameters depending on market conditions and risk management requirements.
Why Are Nu Holdings and Freedom Holding Important?
The companies Binance has selected for its new contracts highlight the growing connection between traditional finance and digital financial services.
Nu Holdings is the parent company of Nubank, which is known for its digital banking operations in Latin America. According to the company's investor relations disclosures, NU shares trade on the New York Stock Exchange. The group provides financial services primarily in Brazil, Mexico, and Colombia.
Freedom Holding Corp. is an international financial institution operating in brokerage services, investment banking, insurance, and banking. According to its corporate information, the company's operations span capital markets and financial services across multiple countries.
An important feature of the new contracts is that they allow investors to take positions on the price movements of the relevant companies without directly purchasing their shares. However, perpetual futures contracts do not provide direct share ownership. Therefore, investors do not become shareholders of these companies through such transactions.
24/7 Trading in Traditional Financial Products and Leverage Risks
Binance's latest listing decision demonstrates that derivatives based on traditional financial assets are gaining a broader presence on cryptocurrency trading platforms.
While U.S. stock markets operate during specific trading sessions, Binance's new contracts will be available for trading around the clock. This difference may have significant implications for price formation.
According to Binance's TradFi futures explanation, special mechanisms are used to calculate price indices when traditional markets are closed. Order book prices and weighted average calculations may play a role in determining contract prices during periods when the underlying shares are not trading. Therefore, the prices of NUUSDT and FRHCUSDT contracts may diverge from the last closing prices of the respective stocks, particularly on weekends and market holidays.
Leverage is another factor investors should carefully consider. Maximum leverage of 20x makes it possible to open larger positions with less collateral, but it also amplifies the impact of adverse price movements on potential losses. Positions may be liquidated if sufficient margin is not maintained. In addition, funding payments may affect the cost of keeping positions open. Binance also notes that the new products may not be available to certain users due to regional regulations.
Author's Assessment of Binance's Announcement
Binance's decision to list perpetual futures contracts based on NU and FRHC shares illustrates how cryptocurrency exchanges are evolving beyond platforms focused exclusively on digital assets and increasingly seeking to compete with traditional financial products.
The ability to trade stock-linked contracts 24/7 offers new opportunities, but it also introduces an important distinction: Continuous trading availability does not mean that the underlying asset always has the same liquidity conditions.
The actual market impact of the new contracts will depend on trading volumes, market depth, funding costs, and investor demand. The listing announcement alone should not be interpreted as an indication that NU or FRHC shares will increase in price.
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Disclaimer: This content is for informational purposes only and is not investment advice. Cryptocurrencies are high-risk; make investment decisions based on your own research.
Content Editor and Writer
Dr. Mesut İnan is a researcher, academic and crypto journalist who has been producing content about cryptocurrencies since 2018. He brings a different perspective to the industry by combining his expertise in sociology with the cryptocurrency ecosystem. Before joining Kriptofoni as co-founder, content editor and writer, İnan worked for several cryptocurrency media platforms: he was an editor and writer at Kriptokoin from 2018 to 2023 and at COINTURK from 2023 to 2024. İnan made a valuable contribution to the ecosystem with his book on Bitcoin, "Bitcoin Sen Bizim Her Şeyimizsin" (Bitcoin, You Are Our Everything). Alongside his academic background, his regular analyses, news and commentary have made him one of the well-known names in cryptocurrency journalism in Turkey. İnan continues his work as a writer and educator and remains a prominent expert voice in the cryptocurrency field.
