Binance.com is Launching Cryptocurrency Futures Trading

Binance, the world’s largest cryptocurrency exchange by trading volume, will launch cryptocurrency futures trading. During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets.

Binance.com is Launching Cryptocurrency Futures Trading
binance, cz binance

“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,” he said. Referring to the screenshot of the interface showed on the stage, Zhao added:

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

He indicated in his presentation slide that the leverage could be up to 20 times and will be offered for trading on bitcoin initially. While a firm releasing date of the feature is not yet set, a Binance spokesperson told CoinDesk it plans to launch the test in about two weeks from now.

The futures trading feature comes after the firm rolled out margin trading on the platform last month.

“Margin trading will roll out to all users first (around July 11 or so), then futures testnet will come about a week after that,” the spokesperson added.

Screenshot and CZ image courtesy of Binance

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0
I am a web developer who loves to write about anything related to technology. My interest in cryptocurrency started in 2014, and it has not stopped since.

Leave a comment

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. You consent to our cookies if you continue to use our website.