Binance has just announced that in the coming months it will launch a futures trading platform, initially only for bitcoin (BTC): Binance Futures.
During the Asia Blockchain Summit held in Taipei, Binance CEO Changpeng Zhao said that initially, futures will include bitcoin via the pair BTC/USDT, with the option of up to x20 leverage.
More pairs will be added at a later time and leverage will grow beyond 20x.
.@cz_binance just announced that #Binance will offer futures contracts in his keynote at the @aba_summit! #ABS2019 #Taipei #Futures pic.twitter.com/RXlui8YY0V
— Binance (@binance) July 2, 2019
Binance Futures will compete with those companies that already deal with futures, such as BitMEX. However, given Binance’s position in the industry, it is possible that it may even outperform its competitors and reach first place.
There is still no definite release date, although a tweet from Binance’s official account has stated that testing will begin within two weeks from today, July 2nd, 2019.
“Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks. This is an actual screenshot of the working system. So Binance futures is coming”.
CZ said during the event, referring to a slide showing the interface:
A while ago Binance also launched margin trading.
All eyes are on the US: users want to know if Binance Futures, along with the BNB token and all the other cryptocurrencies offered by the exchange, will be available in the US since CZ, during the AMA (ask me anything) has made it known that this news would arrive in the following days.
“Margin trading will roll out to all users first (around July 11 or so), then futures testnet will come about a week after that”.
