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Binance has launched Quanto perpetual contracts for Hong Kong-listed stocks of Tencent and Xiaomi, according to an announcement on July 22. The new contracts, HK0700 USDT (Tencent) and HK1810 USDT (Xiaomi), allow users to trade non-USD denominated stocks using local currency as margin without the need for foreign exchange conversion. This lowers the entry barrier and enhances trading convenience. Binance's TradFi product now supports 140 trading pairs, with weekly trading volume for TradFi perpetual contracts approaching $100 billion, as the exchange continues to expand its one-stop trading experience for traditional financial assets.
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