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Binance future trading platform allows 20x leverage

Redwan Eid | Jul. 2, 2019
Binance future trading platform allows 20x leverage

July 2, 2019 | AtoZ Markets - The largest cryptocurrency exchange in the world by trading volume, Binance, is considering adding futures contracts on its new “Binance Futures” platform.

“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” the Founder and CEO of Binance, Changpeng Zhao, announced during a presentation at Asia Blockchain Summit in Taipei on Tuesday.

The announcement drew the users' and crypto community's attention to start tweeting of Binance Future trading platform.

Accourding to Pomp, the Co-founder & Partner at Morgan Creek Digital, “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.”

Binance recently announced lowering the fees 

In a recent connected news, AtoZ Markets reported that would be launching tokens on Binance Chain that would be linked to the top cryptocurrencies.

The Binance Bitcoin-pegged token was announced at the time to be available for trading on crypto platforms and proposed, including Binance DEX.

Earlier the last month, the exchange was reported to have lowered the fee structure after 2019 BNB price rally.

The step came due to the significant market valuation increase that BNB experienced in the last three months, where the chain validators approved to lower the fee structure on Binance Chain by 50 percent. The change allegedly included: cancel, order expire, IOC, transfer, multi-send, issue asset, burn asset, freeze and unfreeze asset, mint asset, proposal, add the deposit, and list fees.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ, nor should they be attributed to AtoZMarkets.