Binance announces futures trading platform with up to 20x leverage

Binance, the largest crypto-to-crypto exchange, announced that it will launch a futures trading platform, dubbed Binance Futures, in the coming months. Speaking at Asia Blockchain Summit in Taipei, Binance CEO Changpeng Zhao said that Binance Futures will initially support BTC/USDT futures with up to 20x leverage but that the platform is eventually expected to support more pairs as well as higher leverage.

Bitfinex also recently announced that it is ready to ship a derivatives product with up to 100x leverage. BitMEX also offers a similar product with up to 100x leverage on its Bitcoin perpetual swap contract.

Binance is currently in the process of rolling out its margin trading offering, joining several other crypto exchanges (Bitfinex, Poloniex, Huobi, Kraken) that support margin already. 

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Frank Chaparro covers the intersection of financial markets and cryptocurrency as Editor-at-Large. Since joining the publication in 2018 as its first reporter, he has played a key role in building The Block into a leader in financial journalism and research. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected]

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