SNDKUSDT, a perpetual contract, not a stock token… price records conflict
Original headlineSNDKUSDT, 주식 토큰 아닌 무기한 계약…시세 기록 엇갈려
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Binance launched SNDKUSDT on April 7, a USDT-settled perpetual contract tracking Nasdaq-listed SanDisk ($SNDK) common stock, with 24/7 trading and no ownership rights to the underlying shares or any on-chain token. The product differs structurally from SNDKB, a separate Binance bStocks token tied to SanDisk, and the two price records diverged in both price and 24-hour direction. The distinction matters because traders may conflate the perpetual with a tokenized-equity product, even though the contract confers no equity claim. Binance had announced the listing on April 3.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, SNDKUSDT, SanDisk (SNDK), SNDKB
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