Credo CRDOUSDT is futures… tokenized securities are CRDOB

Binance listed a CRDOUSDT perpetual futures contract on June 8 tied to the Nasdaq-listed common stock of Credo Technology Group (ticker CRDO), settled in USDT with no expiry and no ownership of the underlying shares. The product is distinct from CRDOB, a separate tokenized security tracking the same stock, and Binance notes the futures trade around the clock, including when US equity markets are closed, so prices can diverge from the stock's last traded price. The listing matters because it gives crypto-native traders 24/7 exposure to a US semiconductor name without holding equity, blurring the line between traditional and digital markets. Watch for basis spreads between CRDOUSDT, CRDOB and the underlying CRDO shares during off-hours, plus funding rates and volume as liquidity develops.