Binance announces futures trading platform with up to 20x leverage

Markets • July 2, 2019, 1:16AM EDT
UPDATED: July 2, 2019, 4:31AM EDT
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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 profile picture Frank Chaparro

Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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