According to external sources, the long-term contract for traditional financial stocks has been rapidly expanding in recent months and Binance has become the main trading ground for this new market. In June, the platform handled approximately $53.8 billion in related transactions, or about 80 per cent of the market. According to the article, trade is growing rapidly, but market concentration is also increasing simultaneously.
SpaceX listed as a single-day free
On June 12th, when SpaceX came on the market in NASDAQ, the SPCXUSDT contract on Binance came to a single-day deal of about $5.7 billion, once on the platform just after Bitcoin. According to the article, such products can be traded 24 hours a day on an encrypted platform, with the USDT as a security, which is a more difficult way of doing business in the traditional voucher system.
Pre-IPO contract zoomed in to $12 billion a season
More concerned than a single hotspot is the overall expansion of Pre-IPO's contract for sustainability. Industry data rose from about $2 million in March to about $12 billion in June, indicating a rapid build-up within a short period of time.
According to the article, Binance processed approximately $10.3 billion in pre-IPO contract transactions in June, which also dominated the sub-market. Since January 2026, the Platform has introduced the USDT bond contract through entities regulated by the Abu Dhabi Global Marketplace (ADGM), covering commodities such as gold, silver, etc., and then expanding to stocks and Pre-IPO products.
Institutional needs remain weak
However, the article also cites the view of Chase Morgan at the end of June that the agency ' s demand for a sustainable contract remains limited. According to the Bank, such products are closer to the trade-type tool than the one commonly used by large institutions.
The concerns cited by Chase Morgan included the difficulty of capping the base margin risk, the lack of a long-term structure, the lack of physical delivery and the lack of traditional liquidation protection. It was also mentioned that there is a problem of concentration in the offshore sustainable market itself.
Regulatory and counterparty risk concerns
According to the article, the fact that Binance takes over business with ADGM regulatory entities does enhance the product ' s compliance appearance, but does not mean that all jurisdictions can be avoided. As products are opened to global traders, issues related to unregistered securities may still raise more regulatory concerns.
In addition to regulation, risks are concentrated on three points: leveraging to magnify losses, contracts to provide price openings rather than equity ownership, and excessive concentration of trade on a single platform. According to the article, in a market that is still in its early stages, a single platform accounts for 80 per cent of the total, indicating both rapid demand formation and greater systemic vulnerability.