Contract Launch Details

According to Binance, the EWYUSDT perpetual contract will settle in USDT and can be traded 24/7. Multi-asset mode is also supported for this contract.

The main technical specifications of the contract are as follows:

• Maximum leverage: 10x

• Funding rate cap: +2% / -2%

• Funding fee settlement frequency: every eight hours

• Tick size: 0.01

• Minimum trade amount: 0.01 EWY

• Minimum notional value: 5 USDT

What is EWY?

The underlying asset of the EWYUSDT contract, iShares MSCI South Korea ETF (NYSE Arca: EWY), tracks a market cap-weighted index of large- and mid-cap South Korean equities. The ETF provides investors with direct exposure to the South Korean stock market.

By sharing the contract and index details publicly, Binance offers transparency and a reference point for investors.

Why It Matters for Crypto Investors

This move by Binance strengthens the bridge between the crypto market and traditional finance (TradFi). Investors can now take positions with up to 10x leverage not only on Bitcoin or Ethereum, but also on an index directly tied to the economic performance of a country (South Korea). For those monitoring macroeconomic developments in Asian markets, this contract presents a strategic opportunity for portfolio diversification.

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