Binance Launches Perpetual Futures for Samsung, SK Hynix, Hyundai on June 2; Blocks South Korean Users

According to Binance, the world's largest cryptocurrency exchange launched perpetual futures products tracking Samsung Electronics, SK Hynix, and Hyundai Motor stocks on June 2. However, the exchange simultaneously restricted domestic South Korean users from trading these products, citing regional regulatory concerns. The perpetual futures allow up to 20x leverage, compared to the 2x limit on domestic equity ETF leveraged products.

Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) approved Kalshi's Bitcoin-linked perpetual futures on May 29, marking the first regulated perpetual futures product in the U.S. market. South Korean financial experts have called for urgent policy and legislative measures, recommending options such as 2x leverage caps (following Japan's model) or a dedicated digital asset law separate from existing capital markets regulations.