It seems that the largest cryptocurrency exchange Binance has embarked on the path of continuous improvement and expansion of its activities around the world.
If we recently said that Binance introduced a lending platform , now there are reports that since September the exchange plans to launch the long-awaited platform for trading futures . CZ said this on August 28 on Twitter:
https://t.co/BKrkbWFd5U
– Binance (@binance) August 28, 2019
In early July, at a conference in Taipei, the company already shared its plans to launch the Binance Futures platform:
. @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
The platform will allow traders to open both long and short positions. However, according to CZ, initially futures contracts will be limited only to a pair of BTC / USDT with a leverage of up to 20x, and in the future, the exchange will increase the number of pairs and the possibility of obtaining a loan for trading futures.
According to Coinmarketcap, Binance is one of the largest cryptocurrency exchanges in the world , with a trading volume of $ 692 million over the past 24 hours. Despite market dominance, the Binance exchange, registered in Malta, is currently actively expanding its presence around the world.
Starting in November, Binance plans to launch Binance US, an exchange for the US market, which seems to be a direct competitor to Coinbase in providing crypto-fiat services.
In addition, Binance has an ambitious plan to launch the Venus stablecoins project , which could seriously compete with Facebook's Libra .
Publication date 08/28/2019
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