Biconomy announces addition of three TradFi-linked USDT futures contracts

Biconomy announces addition of three TradFi-linked USDT futures contracts
Biconomy launches three new futures

Biconomy has announced the launch of three new USDT-margined perpetual futures contracts—ZCSHUSDT, MSTUUSDT, and SNPSUSDT—expanding its futures offering to include instruments tracking Zcash ETF shares, a leveraged MicroStrategy ETF, and Synopsys stock.

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Biconomy has introduced three new USDT-margined perpetual futures contracts: ZCSHUSDT, MSTUUSDT, and SNPSUSDT. According to the published details, these contracts reference the price performance of specific traditional finance assets—ZCSH is based on Zcash ETF shares listed on NYSE Arca, MSTU tracks a leveraged ETF linked to MicroStrategy on Cboe BZX, and SNPS is tied to Synopsys, Inc. common stock. While contract specifications for Biconomy were not detailed in the announcement, similar perpetual futures on other platforms feature USDT settlement, a minimum notional value of 5 USDT, maximum leverage up to 20x, and funding fees settled every eight hours. The addition reflects a broader industry movement towards offering derivatives linked to equities and ETFs without requiring traders to hold the underlying securities.

Biconomy is a broker that provides access to spot and futures cryptocurrency markets via web and mobile platforms, offering over 230 crypto-to-crypto trading pairs and leverage up to 1:100 on futures. It features a demo account, low minimum deposit, and Biconomy Earn for those interested in passive income, with trading fee reductions available for BIT token holders. For further details, see the broker profile on Traders Union.

For more context, see our earlier news about Biconomy’s listing of NeoSoulAI’s $DNA token and the expansion of its trading pairs in the previous Biconomy update on Traders Union.

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