Binance adds Tencent Holdings (HK0700) and Xiaomi (HK1810) equity perps in quanto format with 25x leverage and 24/7 trading on Futures.

According to @dydxfoundation, proprietary trading desks are already engaging in equity perpetuals and prediction markets. However, larger institutional players are holding back due to concerns over counterparty transparency for compliance purposes and the need for robust custody infrastructure that separates trading access from withdrawal authority. These developments suggest evolving requirements for institutional adoption in these trading niches.