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Leading cryptocurrency exchange Binance has announced that Binance Futures will go live on September 13.
Earlier this month, the exchange unveiled two futures testnet platforms, named Futures A and Futures B, and allowed users to pick their favorite of the two. In an online post dated September 10, Binance said Futures A got the most number of votes and won the competition, becoming Binance’s official futures platform.
Powered by Binance’s proprietary matching engine, Futures A supports 100,000 orders per second with a 5 millisecond latency time and offers a user experience similar to the advanced interface that users see on the Binance exchange.
In an official launch announcement of the platform, Binance said:
“In response to an overwhelming response for Binance Futures since the beta launch on Wednesday, Binance is delighted to announce that Binance Futures will go live, starting from 2019/09/13 04:00 AM (UTC)… all users will receive a 50% discount on trading fees when trading on Binance Futures for the first 3 months after the go-live date.”
Furthermore, users who voted for Futures A will enjoy an additional discount on trading fees for the first month of trading, equating to a total 75% trading fee discount on Binance Futures.
Binance has also announced that it will launch Futures B, which lost the competition, as an independent futures exchange, Binance JEX. Users will soon be able to transfer assets between Binance Futures and Binance JEX.
“Futures B offers a spot and derivatives trading platform that features 100x leverage, easier-to-understand forward contracts, and simple trading logic, while offering more sophisticated features With this platform, you can more clearly calculate your profit or loss, and you can cash out your profits faster,” Binance said.
Meanwhile, Binance US is going to open user registration on September 18 and will begin accepting deposits. The exchange has not yet revealed the date when its U.S. arm will commence trading.
