Binance’s CEO, Changpeng CZ Zhao, revealed that the futures trading platform will be launched on the exchange in September.
This was mentioned during an AMA (Ask Me Anything) session broadcast live on Twitter, where he also revealed some details about the platform.
CZ said Binance had recently invested in two futures platforms. The first one would only be an acquisition, while the other one was developed with the help of an internal Binance team.
Both platforms would be practically ready, but the company has not yet decided when to open them to the public. In addition, since these platforms differ in some ways, they might also be released at different times.
CZ confirmed that the platforms are scheduled to be launched in September and that within a few weeks the test versions are expected to be ready, with more information to be released very soon.
According to CZ, these are very competitive platforms in terms of functionality.
Initially, futures contracts should be available for the BTC/USDT pair, with leverage reaching x20.
For now the only other information available is a screenshot published some time ago by Binance itself which does not give much information, except the confirmation of x20 leverage.
This screenshot seems to confirm what CZ said during the AMA session, which is that at least one of the two platforms would be actually almost ready to launch. As happened in the past, it’s likely that the test version will be open to the public a few days before the launch of the final version.