Binance Adds Mysterious Stock-Perps Contract Endpoint, Hinting at New Futures

What Did Binance Change in Its Futures API?

Binance has added a new endpoint to its USDⓈ-M futures API — a move that points toward internal preparations for stock-linked perpetual futures. A Dec. 11 update to the platform’s derivatives documentation introduced a REST endpoint, POST /fapi/v1/stock/contract, created for users to sign a “TradFi-Perps agreement contract.” This type of agreement is commonly required before trading perpetual products tied to traditional finance assets.

No product announcement has been issued, and Binance has not provided details about any stock perpetual markets at the time of writing. Still, the presence of a dedicated contract-signing endpoint indicates that technical groundwork is being built quietly in the background. The Block contacted Binance for comment.

Investor Takeaway

Why Would Stock Perpetuals Matter for Crypto Traders?

Stock perpetual contracts apply the crypto-native perpetual futures model to traditional equities. Instead of trading during standard market hours, users can take long or short positions on stocks at any time, with settlement often handled in stablecoins such as USDT. These instruments replicate equity exposure without touching the regulated stock market or conventional brokers.

For traders active in crypto markets, the appeal is clear: 24/7 access, no account requirements with traditional intermediaries, and the ability to express macro views or hedge portfolios directly on crypto platforms. For platforms, equities represent a large asset class that can widen their user base and strengthen derivatives volumes.

The market remains small, in part because regulatory boundaries are not fully defined. Still, the infrastructure is sluggishly expanding as tokenized assets and synthetic speed across both centralized and decentralized venues.

How Does Binance’s Move Fit Into Industry Momentum?

The API update arrives amid rising activity around real-world-asset derivatives. Bybit and Kraken have already introduced through partners such as Backed Finance. These offerings allow users to trade blockchain representations of equities within existing structures.

Coinbase has taken a diverse route, expanding its U.S. derivatives arm this year with CFTC-regulated nano futures for BTC and ether. While these products are not linked to equities, Coinbase executives have said the build-out could support a more complete derivatives lineup in the future.

Several decentralized venues are attempting to capture the identical opportunity. Ostium — supported by General Catalyst and Jump Crypto — operates as an RWA-perpetuals platform offering 24/7 markets tied to equities, metals and energy. Since 2023, the protocol has raised nahead $27.8 million, with growth driven by interest in synthetic markets that mirror traditional assets.

Other DeFi platforms, including Hyperliquid and Lighter, have pushed into synthetic stock trading as well. According to data from The Block, decentralized derivatives activity surged through 2025, with volume exceeding $1 trillion across October and November. Offshore platforms have also leaned into tokenized equities as users look for round-the-clock market access.

Investor Takeaway

Is a Launch Coming Soon?

There is no timeline for the release of any stock-linked perpetual futures on Binance, and the platform has provided no public explanation for the added endpoint. API updates often precede product rollouts, but they can also reflect internal testing or features that never reach final release.

What is clear is that the competitive environment around synthetic equity markets is tightening. platforms are searching for new categories that can drive activity beyond BTC and ether derivatives, and tokenized stock exposure has rapidly become one of the more active areas of experimentation. Binance’s API addition puts it alongside peers already exploring the and equity-style trading.

If Binance decides to move ahead, stock perpetual contracts would expand its derivatives suite into an asset class that operates around the clock only in crypto. Whether the endpoint signals an imminent launch or a longer-term internal build, the update confirms the platform is working on infrastructure that aligns with where the market’s interest is moving.