Binance Lists KORUB Tokenized Security Based on 3x Leveraged KOSPI ETF

Binance announced the listing of KORUB tokenized security at 10:30 PM Korean time on the 22nd, alongside nine other bStocks trading pairs. KORUB is based on KORU, a US-listed ETF that applies 3x leverage to South Korea's KOSPI index. The listing expands Binance's offerings targeting Korean stock market volatility, following the platform's June launch of KORUUSDT perpetual futures. bStocks are tokenized securities issued by Binance affiliate Bitec Holdings Limited, backed by physical securities held in custody.

Bitec Holdings Limited Issues bStocks Backed by Physical Securities

Bitec Holdings Limited, a Binance affiliate, issues bStocks by holding physical securities as collateral and issuing tokenized securities against them. The ticker for KORU tokenized security is KORUB, following the bStocks naming convention of appending "B" to product names. This structure allows traders to gain exposure to underlying securities through blockchain-based tokens while the issuer maintains custody of the actual assets.

Binance Launched KORUUSDT Perpetual Futures in June

Binance launched KORUUSDT perpetual futures in June. The perpetual futures contract tracks KORU ETF price movements and allows leverage up to 50x on the Binance platform. Since KORU itself is a 3x leveraged ETF on the KOSPI index, the combination enables traders to apply up to 150x leverage on underlying KOSPI index movements. Binance stated the product launch responded to increased volatility in Korean stock markets.

KORUUSDT Records $17.3 Billion Cumulative Trading Volume Since June 22

KORUUSDT perpetual futures recorded approximately $17.316 billion (25.621 trillion KRW) in cumulative trading volume since its June 22 launch. Trading volume increased rapidly following the product's introduction on the Binance platform. The figures reflect activity through the 22nd.

FAQ

What is KORUB tokenized security that Binance listed on the 22nd?

KORUB is a tokenized security based on KORU, a US-listed ETF that applies 3x leverage to South Korea's KOSPI index. It is issued by Binance affiliate Bitec Holdings Limited as part of the bStocks product line, backed by physical securities held in custody.

How much leverage can traders apply to KOSPI movements through Binance products?

Traders can apply up to 150x leverage on underlying KOSPI index movements by combining KORU's inherent 3x leverage with Binance's 50x leverage option on KORUUSDT perpetual futures. The perpetual futures product launched in June allows maximum 50x leverage on the platform.

What trading volume did KORUUSDT perpetual futures achieve since launch?

KORUUSDT perpetual futures recorded approximately $17.316 billion (25.621 trillion KRW) in cumulative trading volume from its June 22 launch through the 22nd, according to Binance.