Link copied 
Crypto exchange Binance is planning to roll out its much-awaited futures trading platform next month.
The news was revealed by its CEO Changpeng “CZ” Zhao during an ask-me-anything session on microblogging site Twitter on Aug. 28.
Although CZ did not specify the launch date, he revealed that a simulation test version will be rolled out within a few weeks.
Binance, the world’s largest cryptocurrency exchange by 24-hour trading volume, first revealed its plan to launch its crypto futures trading platform last month after it rolled out its testnet.
During CZ’s presentation at the Asia Blockchain Summit in Taipei, he demonstrated a futures trading interface on Binance along with features such as longs and shorts on crypto assets. He said that the platform will initially support bitcoin at a leverage of up to 20 times.
Futures trading is turning into a battlefield for crypto holders. As previously reported, Bakkt, a subsidiary of New York Stock Exchange (NYSE) parent company Intercontinental Exchange (ICE), plans to roll out custody and physically-delivered daily and monthly bitcoin futures contracts on Sept. 23.
Hong Kong-based CoinFLEX has also recently scored $10 million funding from Polychain Capital and Bitcoin.com CEO Roger Ver, among others, to be the world’s first exchange to provide physical delivery of Bitcoin futures contracts. Its CEO Mark Lamb said that physical delivery of contracts prevents price manipulation of both spot and futures prices.
Lamb was not shy to reveal that CoinFLEX is eyeing crypto exchange BitMEX, which trades the second most bitcoin futures contracts, with a daily volume of $2.86 billion.
