Binance, the world’s largest cryptocurrency exchange, plans to launch a derivative product tied to investments in the Korean stock market. In particular, the product will be tradable year-round, attracting investor interest. Binance said on the 13th that it will list EWYUSDT, a perpetual futures product based on the iShares MSCI South Korea ETF, at 10:30 PM Korea time on the 16th.
The iShares MSCI South Korea ETF, managed by BlackRock, invests in 83 large-cap Korean stocks listed on the domestic market, including Samsung Electronics, SK Hynix, and Hyundai Motor. In particular, the allocation to Samsung Electronics and SK Hynix is around 40%. EWYUSDT tracks the ETF’s index moves up to ten times.
It uses the dollar-denominated stablecoin USDT as collateral, and can also use Bitcoin and other cryptocurrencies as cross-collateral. Trading is 24 hours a day. A perpetual futures contract is a derivative that can be held indefinitely as long as the margin is maintained. The ability to trade year-round on cryptocurrency exchanges is a strength.
According to data platform CoinGecko, last year the perpetual futures trading volume of the top 10 centralized and decentralized exchanges reached $92.9 trillion. CryptoRank analysts said that Binance’s perpetual futures launch comes amid growing institutional adoption of cryptocurrencies, and traditional financial institutions are actively seeking crypto integration. They added that Binance focusing on the Korean market, amid a broader move by exchanges to expand perpetual futures offerings, is a differentiated strategic choice, noting Korea has one of the most active crypto trading communities in Asia.
They also stated that Korea’s advanced technology infrastructure underpins cryptocurrency innovation, and regulators have recently clarified guidelines on cryptocurrencies. Regulatory clarity instills confidence in cryptocurrency product development.
Binance has announced the listing of EWYUSDT, a perpetual futures product whose underlying asset is the iShares MSCI South Korea ETF. The ETF, managed by BlackRock, targets 83 large-cap Korean stocks, with around 40% allocated to Samsung Electronics and SK Hynix. EWYUSDT aims to deliver up to 10x exposure to the ETF’s moves, using USDT as margin and allowing cross-collateral with other cryptocurrencies. Trading will be conducted around the clock, 24/7.
The perpetual contract carries no expiry, provided margin is maintained, enabling investors to hold leveraged positions indefinitely. This feature underscores the growing appeal of cryptocurrency markets for continuous access and flexibility, particularly in the Korean market where liquidity and participation remain strong. Industry data show substantial activity in perpetual futures across top exchanges, highlighting ongoing institutional interest in crypto adoption.
Analysts note that Binance’s move comes as traditional financial players increasingly seek crypto exposure, aided by regulatory clarity in Korea. CryptoRank observers describe the listing as a differentiated strategic choice that leverages Korea’s active trading community and advanced technology infrastructure. Officials emphasize that regulatory guidance in Korea supports ongoing innovation in cryptocurrency products, boosting confidence for both retail and institutional participants.
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