Key Takeaways:
Binance Futures listed perpetual contracts on shares of five global companies, including Bitcoin miner MARA Holdings, with leverage up to 20x.
"The shift confirms Binance's mission to make its platform a multi-asset financial super app where users can access crypto and traditional asset classes within a single account," Shunyet Jan, Head of Exchange and Trading at Binance, said.
The MARA listing gives crypto traders direct exposure to one of the largest publicly traded Bitcoin miners, whose stock has tracked the token's price. It extends a seven-month sprint in which Binance added gold and silver perpetuals in January, ETF-linked contracts from March, trading in more than 7,000 US-listed stocks on June 1, tokenized securities on June 11, and commodity options on July 29.
The expansion is reshaping Binance's volume mix. Two-thirds of the exchange's top 15 perpetual contracts by 24-hour volume are now tied to equities, ETFs, or commodities rather than crypto, with the SANDUSDT contract tracking SanDisk pulling in about $6.87 billion — roughly 22 percent of SanDisk's own Nasdaq volume. Weekly stock-linked perpetual volume across centralized exchanges has climbed about 79 times since the start of 2026, with Binance capturing about 76 percent of that flow in July.
The MARA perpetual joins a derivatives book that now spans metals, single-name equities, and commodity-linked products. The XAGUSDT contract tracking silver logged about $826 million in 24-hour volume on Binance, according to the exchange's derivatives snapshot.
For MARA, the listing could deepen liquidity in its derivatives and tighten the link between the miner's equity and Bitcoin's price. The perpetual structure also removes market-hour constraints, letting traders hold positions around the clock in a way Nasdaq-listed shares cannot. That matters for a stock whose moves are often driven by overnight Bitcoin swings.
Bitcoin miners have become a favored derivatives target as their equity prices swing with the token. MARA, which operates one of the largest mining fleets in North America, has seen its shares move in tandem with Bitcoin's price, making it a natural fit for perpetual contracts that let traders bet in both directions.
Binance's push into tokenized TradFi assets pressures traditional venues, which typically measure new product launches in filing cycles rather than months. Rivals including Bybit and OKX have expanded derivatives offerings, but Binance's seven-month sprint from metals to tokenized securities has reset the competitive clock for equity-linked perpetuals.
The MARA listing shows where Binance sees growth: tying crypto-native trading mechanics to assets that have historically lived on exchanges like Nasdaq. As more miners and TradFi names gain perpetual contracts, the line between crypto and traditional derivatives continues to blur. Traders will watch whether Binance extends the perpetual lineup to other mining stocks and whether the exchange's TradFi derivatives draw regulatory scrutiny in jurisdictions where stock-linked products face tighter rules.
This article is for informational purposes only and does not constitute investment advice.
