Global cryptocurrency exchange Binance has launched perpetual futures on August 14, allowing investments with up to 20x leverage on stocks including Naver, LG Electronics, Samsung Electro-Mechanics, and Hanmi Semiconductor. However, accounts verified under Korean names are blocked from accessing these products.
According to the cryptocurrency industry, Binance began trading perpetual futures that track domestic stocks such as Naver, LG Electronics, Samsung Electro-Mechanics, Hanmi Semiconductor, and the KODEX 200 exchange-traded fund (ETF) starting today. These products can be traded 24/7 without holidays, offering up to 20x leverage.
While these products were previously available to Korean accounts, access has now been restricted. Industry sources indicate that this decision was made independently by Binance and not at the request of Korean financial authorities.
The newly launched products track the prices of four domestic listed companies—Naver, LG Electronics, Samsung Electro-Mechanics, and Hanmi Semiconductor—as well as the KODEX 200 ETF. They are structured as derivatives that allow betting on price fluctuations without holding the actual stocks, with settlements made in the stablecoin Tether (USDT).
On June 2, Binance had also launched 20x leverage perpetual futures based on Samsung Electronics, SK Hynix, and Hyundai Motor. On June 22, it introduced futures products tracking the KOSPI 3x leverage ETF 'KORU' listed on the U.S. stock market. The products launched in June can currently leverage up to 50x.
Meanwhile, discussions continue regarding the applicability of domestic capital market laws. The launch of high-risk derivatives based on the stock prices of major domestic companies on foreign exchanges has raised concerns.
Unregistered foreign exchanges MEXC and XT.com have also listed perpetual futures with up to 20x leverage tracking Naver and LG Electronics.
* This article has been translated by AI.
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