Copy link
Increase text size
Decrease text size
Link copied

Binance to soon launch crypto futures trading platform

Image Via Coincodex

Tue, 02 Jul 2019, 10:04 am UTC

Binance, the world’s largest cryptocurrency exchange by 24-hour trading volume, has revealed its plans to launch cryptocurrency futures trading platform, CoinDesk reported.


During his presentation at the Asia Blockchain Summit in Taipei today, Binance founder and CEO Changpeng Zhao demonstrated a futures trading interface on Binance along with features such as longs and shorts on crypto assets.

“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.

He also said that the screenshot being displayed during the presentation was an “actual screenshot of the working system,” adding “So Binance futures is coming.”

Zhao further said that the platform will initially support bitcoin at a leverage of up to 20 times. The announcement follows Binance’s launch of margin trading on its platform last month.

A Binance spokesperson told CoinDesk that the exchange is planning to launch the test version in about two weeks from now.

“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.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $11,287.70 (+1.11%)
  • Ethereum (ETH) $392.70 (+2.72%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $294.51 (+1.72%)
  • Bitcoin SV (BSV) $228.81 (+4.08%)
  • Bitcoin (BTC) $11,287.70 (+1.11%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft