Binance Futures Lists SHEIN Quanto Perpetual Contract Based on HKEX-Listed Stock
Binance Futures launched a USDT-settled quanto perpetual contract tracking SHEIN Global Holdings (HKEX: 0625), offering up to 20x leverage. The contract uses a unique pricing mechanism tied to the Hong Kong stock exchange.
Binance Futures listed a USDT-margined quanto perpetual contract based on SHEIN Global Holdings Limited (HKEX: 0625) on September 1, 2026. This marks one of Binance's first TradFi perpetuals linked to a Hong Kong-listed equity.
> *This is a general announcement. Products and services mentioned may not be available in your region. Terms and conditions apply.*
Contract Specifications
| Parameter | Value |
|---|---|
| Underlying | SHEIN Global Holdings (HKEX: 0625) |
| Contract Type | USDT-Margined Quanto Perpetual |
| Tick Size | 0.01 |
| Minimum Notional | 5 USDT |
| Maximum Leverage | 20x |
| Funding Rate Cap | ±1.00% |
| Funding Settlement | Every 4 hours |
What Is a Quanto Perpetual?
A quanto contract is a derivative where the profit and loss are settled in a different currency than the underlying asset's native currency. In this case:
About SHEIN
SHEIN Global Holdings is a global fashion e-commerce platform. The company listed on the Hong Kong Stock Exchange in 2025 following regulatory hurdles that delayed its planned US IPO.
Trading Access
The SHEIN quanto perpetual is accessible under the TradFi tab in Binance Futures. Standard Binance Futures risk management tools apply, including stop-loss orders and cross/isolated margin modes.
Trade on Binance with Exclusive Discount
Use referral code BNBDC to get 20% off trading fees when you sign up.