Binance’s COINUSDT Perpetual Tracks Coinbase Shares Around the Clock

Binance’s COINUSDT is a perpetual contract tied to the price of Coinbase common stock. It gives traders exposure to the share price through a derivative, rather than a tokenized Coinbase share. The contract trades 24 hours a day, seven days a week, and settles in USDT. Binance launched it Feb. 9 at 10 a.m. ET (15:00 UTC), with leverage of up to 10x. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.