Binance Launches ALL Composite Index U-Margined Futures

TLDR

• Launch date is August 6, 2025, at 17:00 UTC+8.
• Offers up to 75x leverage on USDT-quoted contracts.
• Excludes ETHBTC and other stablecoin-quoted pairs.

Binance, the largest cryptocurrency exchange by volume, has announced the launch of its ALL Composite Index U-margined perpetual futures contract. Scheduled to begin on August 6, 2025, this new offering will allow up to 75x leverage and will track all USDT-quoted USDⓈ-M perpetual contracts on the platform. Contracts excluded from the index are the ETHBTC perpetuals, as well as other stablecoin-quoted pairs.

The ALL Composite Index aims to diversify Binance’s derivatives suite, aligning with its strategy to accommodate sophisticated individual traders and institutional participants. Binance CEO Richard Teng, who took over after Changpeng Zhao’s departure in 2023, leads this initiative without partnerships with other exchanges or financial institutions.

Details of the Composite Index Launch

The Binance ALL Composite Index will be launched at 17:00 (UTC+8) on August 6, 2025. The index tracks all cryptocurrencies listed as USDⓈ-M perpetual contracts quoted in USDT on Binance Futures. Some contracts are excluded, such as the ETHBTC perpetual contracts and those using other stablecoins like USDC.

The index calculates using real-time weighted averages of all constituent index prices. According to Binance’s announcement, this product aims to attract high-level trading interest without introducing specific new funds or institutional allocations related to this launch.

Assets Included and Excluded in the Index

Most BTC, ETH, and other major altcoins are represented, given they have USDT perpetual pairs on Binance Futures. The index does not include perpetual pairs in other stablecoins or coin-margined contracts. Impacted assets include Layer 1 and Layer 2 coins, governance tokens, and DeFi protocols as long as they align with the stated criteria.

Exclusions apply to ETHBTC perpetual contracts and any coin where USDT is not being used for perpetual trading. Regular rebalancing activities may lead to changes in the components of the index.

Historical Context of Similar Product Launches

In the past, Binance has launched various index products like the DeFi Composite Index. Generally, these launches lead to heightened trading volumes for the basket components and increased activity in related spot markets. Historically, open interest and volatility experience uplift during these times, but no significant price dislocations occur unless accompanied by additional incentives or market news.

Given the past outcomes, Binance hopes to see increased engagement in the perpetual contracts under USDT, although specific price impacts are not anticipated. This latest move continues Binance’s tradition of portfolio expansion in the derivatives market.

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