Binance to launch futures based on South Korean stock ETF

Binance has announced the launch of a perpetual contract based on a South Korean stock exchange-traded fund (ETF). The EWYUSDT Index Perpetual Contract will offer up to 10x leverage and is based on the iShares MSCI Korea ETF, which tracks large- and mid-cap South Korean stocks. The new contract is scheduled to launch at 1:30 p.m. UTC on March 16.