Binance to expand list of services with crypto futures trading

Posted 02 July, 2019

The leading cryptocurrency trading platform Binance is about to add futures instrument to its portfolio via its own platform Binance Futures. The announcement was made by the head of the exchange well-known Changpeng Zhao during the blockchain summit held in Taipei.

The company CEO commented at the event that they planned to launch BTC-USDT futures at first. The leverage can reach x20. However, the list of supported assets along with the leverage can be expanded in the long run.

It was stated that the futures trading platform from Binance is likely to go public very soon, though the company representative did not mention the exact date. At the same time, he highlighted that test version simulation is expected in the next few weeks.

It should be mentioned that the company also expressed intentions to add marginal trading with x5-x100 leverage.

Following Zhao's statements, BNB rate managed to somewhat restore positions after some weakening. Nevertheless, it was some break before the further plunge.

It was reported that Binance rolled out its platform for marginal trading last week.

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02 July, 2019 14:19

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