Key Takeaways
- • Binance Futures launched three USDT-settled perpetual contracts on July 27, 2026: BITOUSDT (ProShares Bitcoin ETF), TMFUSDT (Direxion Daily 20+ Year Treasury Bull 3X ETF), and TBTUSDT (ProShares UltraShort 20+ Year Treasury ETF), with staggered rollouts beginning at 13:30 UTC.
- • All three contracts offer up to 25x leverage with 24/7 trading availability, minimum order notional value of 5 USDT, and eight-hour funding settlement cycles capped between -2% and +2%.
- • TMFUSDT provides 3x leveraged long exposure to the ICE U.S. Treasury 20+ Year Bond Index, while TBTUSDT offers 2x inverse exposure to the same benchmark, enabling traders to profit from Treasury bond price declines.
- • The launch expands Binance's tokenized traditional finance product suite, allowing institutional and retail traders to gain derivatives exposure to Bitcoin ETFs and U.S. Treasury instruments without owning underlying assets, subject to regional access restrictions.
Summary
Binance Futures expanded its derivatives offering on July 27, 2026, by introducing three new USDT-margined perpetual contracts linked to established U.S.-listed ETFs. The contracts—BITOUSDT, TMFUSDT, and TBTUSDT—were rolled out in five-minute intervals starting at 13:30 UTC, with TMFUSDT launching first, followed by TBTUSDT at 13:35 UTC and BITOUSDT at 13:40 UTC.
The three contracts target different market exposures. BITOUSDT provides perpetual exposure to the ProShares Bitcoin ETF (BITO), which itself grants Bitcoin exposure primarily through futures contracts rather than direct Bitcoin holdings. TMFUSDT tracks the Direxion Daily 20+ Year Treasury Bull 3X ETF, designed to deliver three times the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. TBTUSDT follows the ProShares UltraShort 20+ Year Treasury ETF, targeting twice the inverse daily performance of long-duration Treasury benchmarks, positioning traders to benefit when bond prices fall.
All three products support maximum leverage of 25x and remain available for 24/7 trading without expiration dates. Orders require a minimum notional value of 5 USDT, with funding payments occurring every eight hours at rates capped between -2% and +2%. The perpetual structure allows traders to hold long or short positions indefinitely, settling in USDT.
This launch represents a strategic expansion of Binance's traditional finance tokenization strategy, enabling derivatives exposure to Bitcoin and Treasury instruments without requiring ownership of the underlying assets. However, regional access restrictions remain in place for certain jurisdictions.
The three contracts target different market exposures. BITOUSDT provides perpetual exposure to the ProShares Bitcoin ETF (BITO), which itself grants Bitcoin exposure primarily through futures contracts rather than direct Bitcoin holdings. TMFUSDT tracks the Direxion Daily 20+ Year Treasury Bull 3X ETF, designed to deliver three times the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. TBTUSDT follows the ProShares UltraShort 20+ Year Treasury ETF, targeting twice the inverse daily performance of long-duration Treasury benchmarks, positioning traders to benefit when bond prices fall.
All three products support maximum leverage of 25x and remain available for 24/7 trading without expiration dates. Orders require a minimum notional value of 5 USDT, with funding payments occurring every eight hours at rates capped between -2% and +2%. The perpetual structure allows traders to hold long or short positions indefinitely, settling in USDT.
This launch represents a strategic expansion of Binance's traditional finance tokenization strategy, enabling derivatives exposure to Bitcoin and Treasury instruments without requiring ownership of the underlying assets. However, regional access restrictions remain in place for certain jurisdictions.
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