Binance Lists TQQQ Perpetual Futures Contract
The USDT-settled contract tracks the ProShares UltraPro QQQ exchange-traded fund and trades around the clock.
Updated on Nov. 7, 2026 in Investing
Binance launched a TQQQUSDT perpetual futures contract on June 29, 2026, at 9:40 a.m. ET (13:40 UTC), tracking ProShares UltraPro QQQ. The contract settles in USDT, trades around the clock, and offers maximum leverage of 20x.
Why it matters
The contract gives traders leveraged exposure to a fund designed to deliver three times the Nasdaq-100's daily performance, while stating that it is separate from shares of TQQQ. Because the fund's returns over longer periods can differ from three times the index's performance, the product carries risks that differ from holding the underlying ETF.
The ProShares UltraPro QQQ fund targets three times the Nasdaq-100's daily performance before fees, with the TQQQUSDT contract offering up to 20x leverage. On Nov. 6, TQQQ traded at $52.25 against a net asset value of $52.30, but the source does not report contract volume or liquidity since launch.
The players
Binance
Binance is a global cryptocurrency exchange that offers spot and derivatives trading, including perpetual futures contracts.
ProShares
ProShares is a U.S. exchange-traded fund issuer known for leveraged and inverse equity funds, including UltraPro QQQ.
The details
The TQQQUSDT contract is a perpetual futures product that settles in USDT and trades around the clock. It is separate from shares of TQQQ, and the fund's longer-period returns can diverge from three times the index's performance.
Timeline
June 29, 2026, 9:40 a.m. ET (13:40 UTC): Binance launches the TQQQUSDT contract.
Nov. 6: TQQQ market price recorded at $52.25 and net asset value at $52.30.
Market Dynamics
The listing applies the perpetual futures structure pioneered for crypto assets to a leveraged equity ETF, extending crypto-native derivatives into traditional index exposure. Leveraged ETFs like TQQQ already carry daily-reset risks that leveraged perpetual contracts can amplify.
Traders considering the contract face up to 20x leverage on a product whose returns over multi-day periods can diverge from three times the index. Holding the underlying ETF through a brokerage account carries different costs, settlement, and risk than a USDT-settled derivative.
The takeaway
Leveraged products amplify both gains and losses, and a derivative tied to a leveraged ETF compounds that effect. Review how each product resets and settles before trading.
Further reading
For broader context on leveraged market products, see Investing.
