Binance, a leading cryptocurrency exchange, has announced the launch of index futures on the MSCI Japan ETF (EWJ). This development allows traders to buy and sell a basket of Japanese stocks with up to 10x leverage, providing increased exposure to Japan's economy.
The EWJ Index Perpetual will be available for trading on Thursday, March 19, giving traders access to a wide range of Japanese companies, including Toyota, Sony, Nintendo, and Hitachi. The Tokyo Stock Exchange has strict hours, but Binance Futures never sleeps, allowing traders to trade 24/7.
The launch of EWJ Index Perpetual is expected to attract macro traders who are interested in Japan's booming tech sector. With the ability to hedge their portfolios or gain aggressive exposure to the Japanese market, this new product provides a range of opportunities for traders.