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Binance announces future trading platform with up to 20x leverage



Binance announces future trading platform with up to 20x leverage

Binance the world’s largest cryptocurrency exchange by trading volume is planning to offer futures contracts on its new “Binance Futures” platform. Yes, you heard it right, Changpeng Zhao who is the Founder and CEO of Binance announces during a presentation at Asia Blockchain Summit in Taipei on Tuesday. He said,

“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”

CZ Binance also showed a screenshot of the ongoing working system. Sharing the screenshots he said,

“This is an actual screenshot of the working system. So Binance futures is coming.”

Binnace future trading with 20x leverage
Source: Binance

Soon after the announcement users started tweeting with the screenshot of Binance Future trading platform.

Pomp who is the Co-founder & Partner at Morgan Creek Digital tweets

Binance will first support BTC/USDT trading pair with 20x leverage as seen in the screenshot shared by Binance. More trading pairs and leverage will be announced in the future after the launch.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.