SEC Eases Custody Rules for Advisers: COINUSDT Falls 2.63%, MSTRUSDT Gains 1.18%
The SEC proposes easing crypto custody rules for advisers. On Binance USDT-margined equity perpetuals, COINUSDT, MSTRUSDT and HOODUSDT diverged this week.
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Three Contracts Under the Custody Headline
The SEC proposal to ease crypto custody rules for advisers landed on Binance USDT-margined equity perpetuals with mixed results this week: COINUSDT fell 2.63%, MSTRUSDT gained 1.18%, and HOODUSDT fell 5.71%. One headline, two directions. What matters for readers is how each contract traded day by day, not just the label attached to the news.
How Each Contract Moved This Week
The table below lists closes and changes from 2026-09-25 to 2026-10-02 exactly as reported.
| Date | COINUSDT Close | COINUSDT Change | MSTRUSDT Close | MSTRUSDT Change | HOODUSDT Close | HOODUSDT Change |
|---|---|---|---|---|---|---|
| 2026-09-25 | 195.26 USDT | -1.69% | 159.19 USDT | -1.38% | 119.06 USDT | -1.45% |
| 2026-09-26 | 197.11 USDT | 0.95% | 160.41 USDT | 0.76% | 119.1 USDT | 0.03% |
| 2026-09-27 | 195.99 USDT | -0.56% | 160.93 USDT | 0.32% | 118.94 USDT | -0.13% |
| 2026-09-28 | 192.8 USDT | -1.63% | 157.36 USDT | -2.22% | 116.23 USDT | -2.29% |
| 2026-09-29 | 190.46 USDT | -1.22% | 155.93 USDT | -0.92% | 117.56 USDT | 1.14% |
| 2026-09-30 | 186.7 USDT | -1.98% | 153.44 USDT | -1.6% | 113.11 USDT | -3.79% |
| 2026-10-01 | 189.99 USDT | 1.77% | 161.22 USDT | 5.08% | 111.67 USDT | -1.26% |
| 2026-10-02 | 190.84 USDT | 0.45% | 162.83 USDT | 0.99% | 112.16 USDT | 0.46% |
Three days stand out. On 2026-09-30 all three fell together: COINUSDT closed at 186.7 USDT, down 1.98%; HOODUSDT closed at 113.11 USDT, down 3.79%; MSTRUSDT closed at 153.44 USDT, down 1.6%. On 2026-10-01 the picture flipped: MSTRUSDT rose 5.08% to 161.22 USDT and COINUSDT rose 1.77% to 189.99 USDT, while HOODUSDT still fell 1.26%. On 2026-10-02 all three closed higher, but the gains were small: COINUSDT 0.45%, MSTRUSDT 0.99%, HOODUSDT 0.46%.
Across the week, MSTRUSDT moved from 160.93 USDT to 162.83 USDT, the only positive close. COINUSDT went from 196 USDT to 190.84 USDT and HOODUSDT from 118.95 USDT to 112.16 USDT. The same rule expectation produced very different reactions in a bitcoin-holding name and a brokerage name.
Where This Week Ranks in the Longer Sample
COINUSDT has 34 weekly samples, and 22 weeks were stronger than this one. Among those, the week of 2026-04-13 rose 21.42%, 2026-06-29 rose 17.05%, 2026-08-17 rose 26.18%, and 2026-09-14 rose 13.64%. This week's 2.63% decline sits in the weaker group.
MSTRUSDT also has 34 weekly samples, with 15 weeks stronger. The week of 2026-04-13 rose 28.39%, 2026-06-29 rose 30.27%, 2026-08-17 rose 28.64%, and 2026-09-14 rose 21.61%. This week's 1.18% gain is far smaller but still in the upper half of the sample.
HOODUSDT has 35 weekly samples, with 26 weeks stronger. The week of 2026-04-13 rose 30.66%, 2026-05-25 rose 27.52%, 2026-08-31 rose 20.61%, and 2026-09-14 rose 9.43%. This week's 5.71% decline is the weakest of the three.
What Popular Square Posts Say
Popular Square posts argue that the SEC proposal to ease crypto custody rules for advisers is directionally positive for crypto custody and compliance-related equities, and they list COINUSDT, MSTRUSDT and HOODUSDT among the beneficiaries (paraphrased, not the site's view).
Other posts note that the market will keep trading the expectation before any rule is finalized, and that the daily divergence is already visible, with MSTRUSDT's 5.08% single-day gain on 2026-10-01 as one example (paraphrased, not the site's view).
Some posts caution that easing custody rules does not mean capital arrives immediately, pointing to COINUSDT's 2.63% weekly decline and HOODUSDT's 5.71% weekly decline as evidence that headlines and prices can diverge (paraphrased, not the site's view).
These are Square discussions, not confirmed facts. How and when the rule lands is still unknown, and treating post opinions as trade signals carries risk.
Three Plain Truths
First, headlines and price action often diverge. The custody proposal sounds like an industry-level positive, yet COINUSDT fell 2.63% and HOODUSDT fell 5.71% this week. Translating a headline directly into a buy reason can get you stuck on day one.
Second, these are USDT-margined equity perpetuals, not spot. They carry funding costs and liquidation mechanics, and high leverage amplifies intraday reversals. On 2026-09-30 HOODUSDT fell 3.79%; a wrong-way position can give back several days of gains in one session.
Third, the best week is only obvious in hindsight. COINUSDT's 2026-08-17 week rose 26.18%, MSTRUSDT's 2026-06-29 week rose 30.27%, and HOODUSDT's 2026-04-13 week rose 30.66%. Nobody picks the strongest week in advance; what you control is position size and tolerance for volatility.
The Fee Math
Binance's default maker fee is 0.02% and the default taker fee is 0.05%. After a 20% rebate, the effective maker fee is 0.016% and the effective taker fee is 0.04%. For frequent trading, this cost steadily eats into profit, so factor it in before running short-term strategies.
Source: https://fapi.binance.com/fapi/v1/exchangeInfo
Data as of 2026-10-02; source: Binance official API. Not investment advice.
Related Articles
Binance is not available in your region. What follows is not a centralized exchange โ it is a different kind of product that you can use:
๐ Binance Web3
A self-custody wallet inside the Binance app; swaps route through on-chain DEX aggregation, not an exchange account
Bind via our link and wallet swap fees drop 30%. On-chain gas and slippage are not covered by the discount.
You must already be a verified Binance user to create a Binance Wallet (official FAQ Q13); wallet referrals and exchange referrals are two separate systems. Zero-fee pairs such as stablecoin swaps generate no rebatable fee.