Binance Futures has officially launched KOUSDT and RDDTUSDT perpetual contracts, replacing earlier uncertainty around whether the products were genuine exchange listings. The contracts began trading on August 6 at 09:00 UTC and 09:05 UTC, respectively, following a Binance notice published several hours before launch. KOUSDT tracks Coca-Cola common stock, while RDDTUSDT follows Reddit Class A shares.
Both products are USDT-settled TradFi perpetuals rather than cryptocurrency tokens or spot-listed equities. Traders receive leveraged price exposure without owning Coca-Cola or Reddit shares, meaning the contracts do not provide voting rights, dividends or other shareholder benefits. Binance lists continuous 24/7 trading even though the underlying stocks trade during conventional U.S. market hours.
Contracts Offer Up to 20x Leverage
Binance set maximum leverage at 20x for both contracts, with a minimum notional order value of 5 USDT and a minimum trade size equivalent to 0.01 unit of the underlying equity. Funding payments are scheduled every eight hours and capped at +2% or -2% per interval, while Multi-Assets Mode is supported for eligible traders.
The specifications make the products more accessible than purchasing full shares through a conventional brokerage, but leverage substantially increases risk. A relatively small adverse price movement can erode margin or trigger liquidation, while recurring funding charges can reduce returns on positions held for longer periods. The low entry threshold does not make the contracts low-risk instruments.
Round-the-clock trading creates another structural consideration. Coca-Cola and Reddit shares stop updating on the New York Stock Exchange outside normal and extended market sessions, while the Binance derivatives remain open. That mismatch can produce wider spreads, price dislocations and abrupt adjustments when the underlying equity market reopens after overnight or weekend developments.
Official Notice Resolves the Listing Question
The products fit Binance’s broader expansion into perpetual contracts linked to traditional assets, including equities, exchange-traded funds, commodities and market indexes. Abu Dhabi Global Market said Nest Exchange Limited, part of Binance’s regulated structure, is responsible for on-exchange spot and derivatives activity under its Recognised Investment Exchange authorization. The regulatory framework supports the venue’s operations but does not eliminate market, leverage or liquidity risk.
The immediate development is greater access to leveraged exposure tied to two widely followed U.S. companies through a crypto-native interface. The next meaningful indicators will be trading volume, open interest and market depth, which will show whether KOUSDT and RDDTUSDT attract sustained participation after their confirmed launch.